Prescott General Partners Llc Sells 133,199 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 133,199 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.69, for a total value of $25,000,120.31. Following the completion of the sale, the insider owned 31,148 shares of the company’s stock, valued at approximately $5,846,168.12. This trade represents a 81.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

World Acceptance Price Performance

Shares of World Acceptance stock opened at $184.55 on Thursday. The company has a quick ratio of 13.49, a current ratio of 13.49 and a debt-to-equity ratio of 1.29. The company has a market cap of $860.00 million, a PE ratio of 21.81 and a beta of 1.14. The business has a 50 day moving average of $192.11 and a 200 day moving average of $160.41. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $227.68.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%. The business had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $143.90 million.

Hedge Funds Weigh In On World Acceptance

A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in World Acceptance during the 2nd quarter valued at about $1,239,000. JB Capital Partners LP purchased a new stake in shares of World Acceptance during the second quarter valued at approximately $239,274,000. Bank of New York Mellon Corp bought a new stake in shares of World Acceptance during the second quarter valued at approximately $4,577,000. GAMMA Investing LLC increased its position in shares of World Acceptance by 15.4% during the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after acquiring an additional 73 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in World Acceptance by 97.5% in the 1st quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock worth $2,774,000 after acquiring an additional 10,140 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WRLD. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.