World Acceptance (NASDAQ:WRLD) SVP Jason Childers Sells 2,000 Shares

World Acceptance Corporation (NASDAQ:WRLD) SVP Jason Childers sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $190.74, for a total transaction of $381,480.00. Following the transaction, the senior vice president owned 12,799 shares in the company, valued at approximately $2,441,281.26. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

World Acceptance Stock Performance

WRLD stock traded up $0.93 during trading on Thursday, reaching $190.58. The company had a trading volume of 52,463 shares, compared to its average volume of 135,310. The company has a market cap of $888.10 million, a price-to-earnings ratio of 22.53 and a beta of 1.14. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 13.49 and a current ratio of 13.49. The firm has a 50-day simple moving average of $190.11 and a 200-day simple moving average of $158.21.

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

Institutional Investors Weigh In On World Acceptance

Hedge funds have recently modified their holdings of the company. JB Capital Partners LP purchased a new position in shares of World Acceptance in the 2nd quarter valued at about $239,274,000. Bank of New York Mellon Corp acquired a new stake in World Acceptance in the second quarter valued at approximately $4,577,000. GAMMA Investing LLC increased its position in shares of World Acceptance by 15.4% in the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after buying an additional 73 shares in the last quarter. Bank of America Corp DE raised its stake in shares of World Acceptance by 97.5% during 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 buying an additional 10,140 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of World Acceptance by 102.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings restated 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 research report on Monday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About World Acceptance

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.