Insider Selling: World Acceptance (NASDAQ:WRLD) Director Sells 90 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 90 shares of World Acceptance stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.00, for a total transaction of $14,400.00. Following the sale, the director directly owned 4,836 shares of the company’s stock, valued at $773,760. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Up 3.7%

Shares of NASDAQ:WRLD traded up $5.93 during trading on Tuesday, reaching $165.84. 118,366 shares of the company traded hands, compared to its average volume of 138,419. The firm has a fifty day simple moving average of $144.56 and a 200 day simple moving average of $140.79. The firm has a market cap of $819.25 million, a P/E ratio of 22.47 and a beta of 1.16. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $185.48. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data 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). The business had revenue of $177.57 million during the quarter, compared to the consensus estimate of $168.40 million. World Acceptance had a return on equity of 9.17% and a net margin of 5.98%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Friday, March 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after acquiring an additional 78 shares during the last quarter. Empowered Funds LLC lifted its position in World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock worth $2,964,000 after acquiring an additional 925 shares during the last quarter. JPMorgan Chase & Co. lifted its position in World Acceptance by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock worth $4,731,000 after acquiring an additional 4,092 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in World Acceptance by 23.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock worth $4,436,000 after acquiring an additional 5,025 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock worth $1,750,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.