World Acceptance (NASDAQ:WRLD) Shares Gap Down – Time to Sell?

World Acceptance Corporation (NASDAQ:WRLD) gapped down prior to trading on Monday . The stock had previously closed at $219.46, but opened at $206.25. World Acceptance shares last traded at $209.2590, with a volume of 2,416 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WRLD. Wall Street Zen lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings reaffirmed 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, According to data from MarketBeat, the company has a consensus rating of “Hold”.

World Acceptance Stock Performance

The company’s fifty day simple moving average is $171.83 and its 200 day simple moving average is $149.56. The firm has a market capitalization of $923.87 million, a PE ratio of 26.98 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.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data 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). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The business had revenue of $164.31 million during the quarter, compared to analysts’ expectations of $168.40 million.

Insider Activity

In other World Acceptance news, insider Luke J. Umstetter sold 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $181.66, for a total value of $181,660.00. Following the transaction, the insider directly owned 28,245 shares in the company, valued at $5,130,986.70. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles D. Way sold 833 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was 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 $2,864,025. The trade was a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,576 shares of company stock valued at $1,149,890 over the last ninety days. 41.60% of the stock is owned by insiders.

Hedge Funds Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently modified their holdings of WRLD. WINTON GROUP Ltd grew its holdings in shares of World Acceptance by 138.1% during the 3rd quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock valued at $3,424,000 after purchasing an additional 11,741 shares during the last quarter. American Century Companies Inc. increased its holdings 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 purchasing an additional 10,649 shares during the period. CX Institutional increased its stake in shares of World Acceptance by 11.1% during the fourth quarter. CX Institutional now owns 41,097 shares of the credit services provider’s stock valued at $5,770,000 after buying an additional 4,098 shares during the period. SageGuard Financial Group LLC bought a new position in World Acceptance in the 4th quarter worth $528,000. Finally, Aquatic Capital Management LLC bought a new position in World Acceptance in the third quarter worth about $138,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

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.