Benjamin Robinson III Sells 2,031 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 2,031 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $222.77, for a total transaction of $452,445.87. Following the sale, the director owned 4,836 shares in the company, valued at approximately $1,077,315.72. The trade was a 29.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Trading Down 5.2%

WRLD opened at $207.98 on Friday. The stock has a market capitalization of $965.03 million, a P/E ratio of 28.18 and a beta of 1.13. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. World Acceptance Corporation has a 12 month low of $110.00 and a 12 month high of $227.68. The firm’s fifty day simple moving average is $168.71 and its 200 day simple moving average is $148.36.

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

Wall Street Analyst Weigh In

WRLD has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Wall Street Zen cut World Acceptance from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance has an average rating of “Hold”.

Hedge Funds Weigh In On World Acceptance

A number of large investors have recently modified their holdings of WRLD. Intech Investment Management LLC increased its position in shares of World Acceptance by 677.8% in the third quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock valued at $1,959,000 after acquiring an additional 10,093 shares during the last quarter. WINTON GROUP Ltd boosted its position in World Acceptance by 138.1% during the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock valued at $3,424,000 after purchasing an additional 11,741 shares during the last quarter. American Century Companies Inc. grew its stake in World Acceptance by 14.2% in the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock valued at $14,482,000 after purchasing an additional 10,649 shares in the last quarter. CX Institutional increased its position in shares of World Acceptance by 11.1% during the 4th quarter. CX Institutional now owns 41,097 shares of the credit services provider’s stock worth $5,770,000 after purchasing an additional 4,098 shares during the last quarter. Finally, SageGuard Financial Group LLC acquired a new position in shares of World Acceptance during the 4th quarter worth approximately $528,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.