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

World Acceptance Corporation (NASDAQ:WRLDGet Free Report) Director Charles Way sold 833 shares of World Acceptance stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total value of $187,425.00. Following the transaction, the director directly owned 12,729 shares of the company’s stock, valued at approximately $2,864,025. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Down 2.0%

Shares of NASDAQ:WRLD opened at $219.46 on Thursday. The company’s fifty day moving average is $167.51 and its 200-day moving average is $147.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 22.99 and a current ratio of 22.99. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $227.68. The company has a market capitalization of $1.02 billion, a PE ratio of 29.74 and a beta of 1.13.

World Acceptance (NASDAQ:WRLDGet Free Report) last announced 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 analyst estimates of $168.40 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 129 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of World Acceptance by 4.9% in the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock worth $6,590,000 after acquiring an additional 2,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of World Acceptance by 3,071.7% in the first quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock worth $651,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of World Acceptance during the first quarter worth approximately $680,000. 83.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance has a consensus rating of “Hold”.

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About World Acceptance

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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.

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