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

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 2,031 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $222.77, for a total value of $452,445.87. Following the transaction, the director directly owned 4,836 shares of the company’s stock, valued at $1,077,315.72. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 World Acceptance stock opened at $219.46 on Thursday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 29.74 and a beta of 1.13. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month high of $227.68. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. The business’s 50 day simple moving average is $167.51 and its 200-day simple moving average is $147.94.

World Acceptance (NASDAQ:WRLD) last released 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 company had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently made changes to their positions in WRLD. Geode Capital Management LLC increased its position in World Acceptance by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after acquiring an additional 2,469 shares during the period. American Century Companies Inc. raised its stake in World Acceptance by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock valued at $14,482,000 after acquiring an additional 10,649 shares in the last quarter. Smith Thomas W acquired a new position in World Acceptance during the 4th quarter worth $10,894,000. Charles Schwab Investment Management Inc. boosted its position in World Acceptance by 15.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock worth $10,696,000 after acquiring an additional 10,308 shares during the period. Finally, Millennium Management LLC grew its stake in shares of World Acceptance by 680.5% in the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock worth $9,497,000 after purchasing an additional 58,982 shares in the last quarter. 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.