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

World Acceptance Corporation (NASDAQ:WRLD) Director Charles Way sold 833 shares of World Acceptance stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total transaction of $187,425.00. Following the sale, the director directly owned 12,729 shares in the company, valued at $2,864,025. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Price Performance

Shares of NASDAQ:WRLD opened at $207.98 on Friday. The company has a market cap of $965.03 million, a price-to-earnings ratio of 28.18 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The firm has a 50 day simple moving average of $168.71 and a 200 day simple moving average of $148.36. World Acceptance Corporation has a one year low of $110.00 and a one year high of $227.68.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The company had revenue of $164.31 million during 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%.

Institutional Trading of World Acceptance

A number of institutional investors and hedge funds have recently bought and sold shares of WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 buying an additional 78 shares during the period. Empowered Funds LLC grew its position in shares of World Acceptance by 4.1% in the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after buying an additional 925 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of World Acceptance by 16.7% in the second quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock valued at $4,731,000 after buying an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of World Acceptance by 23.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock valued at $4,436,000 after buying an additional 5,025 shares during the period. Finally, First Trust Advisors LP raised its position in shares of World Acceptance by 0.8% during the second 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. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on WRLD shares. Wall Street Zen downgraded World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, World Acceptance 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.