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

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $210.00, for a total transaction of $174,930.00. Following the sale, the director directly owned 13,562 shares in the company, valued at approximately $2,848,020. This represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Stock Performance

NASDAQ WRLD opened at $223.83 on Wednesday. World Acceptance Corporation has a 1-year low of $110.00 and a 1-year high of $227.68. The company has a market capitalization of $1.04 billion, a P/E ratio of 30.33 and a beta of 1.19. The business has a 50 day moving average price of $166.11 and a 200 day moving average price of $147.45. 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 issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.74 by ($0.04). The firm had revenue of $164.31 million for 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%.

Institutional Investors Weigh In On World Acceptance

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in World Acceptance by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after buying an additional 78 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of World Acceptance by 4.1% during the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after acquiring an additional 925 shares during the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 4,092 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 5,025 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.