World Acceptance (NASDAQ:WRLD) Insider Prescott General Partners Llc Sells 88,324 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 88,324 shares of World Acceptance stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $169.83, for a total value of $15,000,064.92. Following the completion of the transaction, the insider directly owned 735,012 shares of the company’s stock, valued at approximately $124,827,087.96. This represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Prescott General Partners Llc also recently made the following trade(s):

• On Friday, August 14th, Prescott General Partners Llc sold 133,199 shares of World Acceptance stock. The stock was sold at an average price of $187.69, for a total transaction of $25,000,120.31.

World Acceptance Stock Down 6.5%

Shares of WRLD opened at $164.47 on Friday. The company’s 50-day simple moving average is $178.65 and its 200-day simple moving average is $163.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 13.49 and a current ratio of 14.38. World Acceptance Corporation has a 1 year low of $110.00 and a 1 year high of $227.68. The stock has a market capitalization of $766.43 million, a PE ratio of 15.29 and a beta of 1.17.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, October 23rd. The credit services provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $1.15. World Acceptance had a net margin of 8.45% and a return on equity of 15.32%. The firm had revenue of $139.21 million during the quarter, compared to analysts’ expectations of $140.70 million. During the same quarter in the previous year, the business posted ($0.33) earnings per share. Analysts forecast that World Acceptance Corporation will post 13.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WRLD has been the topic of several analyst reports. Wall Street Zen cut World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded World Acceptance to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Monday, September 21st. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of World Acceptance during the second quarter worth $4,577,000. Public Employees Retirement System of Ohio purchased a new position in World Acceptance in the second quarter valued at $1,239,000. Bank of America Corp DE raised its stake in World Acceptance by 97.5% in the first quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock valued at $2,774,000 after buying an additional 10,140 shares in the last quarter. Squarepoint Ops LLC raised its stake in World Acceptance by 82.5% in the second quarter. Squarepoint Ops LLC now owns 7,004 shares of the credit services provider’s stock valued at $1,568,000 after buying an additional 3,166 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in World Acceptance during the 1st quarter worth about $680,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.

Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.

Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.