World Acceptance (NASDAQ:WRLD) Director Charles Way Sells 833 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $210.00, for a total transaction of $174,930.00. Following the completion of the transaction, the director owned 13,562 shares of the company’s stock, valued at $2,848,020. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Price Performance

Shares of NASDAQ:WRLD opened at $223.72 on Tuesday. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $224.14. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 30.31 and a beta of 1.19. The stock’s 50 day moving average price is $164.46 and its 200 day moving average price is $146.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The firm had revenue of $164.31 million during the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a return on equity of 9.36% and a net margin of 5.98%.

Analyst Upgrades and Downgrades

WRLD has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Wall Street Zen cut shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Trading of World Acceptance

Large investors have recently added to or reduced their stakes in the business. Smith Thomas W acquired a new position in World Acceptance in the fourth quarter worth approximately $10,894,000. Millennium Management LLC lifted its position in shares of World Acceptance by 680.5% during the 4th quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after acquiring an additional 58,982 shares during the last quarter. Jane Street Group LLC lifted its position in shares of World Acceptance by 86.3% during the 4th quarter. Jane Street Group LLC now owns 44,301 shares of the credit services provider’s stock valued at $6,219,000 after acquiring an additional 20,520 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of World Acceptance by 33.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock worth $9,565,000 after acquiring an additional 14,406 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of World Acceptance by 51.1% during the 2nd quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock worth $6,833,000 after acquiring an additional 13,999 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.

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.