World Acceptance (NASDAQ:WRLD) Director Sells $14,400.00 in Stock

World Acceptance Corporation (NASDAQ:WRLD) Director Benjamin Robinson III sold 90 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.00, for a total value of $14,400.00. Following the completion of the transaction, the director owned 4,836 shares of the company’s stock, valued at $773,760. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

World Acceptance Trading Down 3.2%

NASDAQ WRLD opened at $161.51 on Friday. The company has a market cap of $797.86 million, a price-to-earnings ratio of 21.88 and a beta of 1.16. World Acceptance Corporation has a twelve month low of $110.00 and a twelve month 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. The business’s fifty day moving average is $146.34 and its 200 day moving average is $141.48.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.17%. The firm had revenue of $164.89 million during the quarter, compared to the consensus estimate of $168.40 million.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On World Acceptance

A number of institutional investors have recently modified their holdings of the company. Intech Investment Management LLC boosted its position in shares of World Acceptance by 677.8% during the 3rd quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock valued at $1,959,000 after purchasing an additional 10,093 shares in the last quarter. WINTON GROUP Ltd increased its holdings in World Acceptance by 138.1% in the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock worth $3,424,000 after purchasing an additional 11,741 shares in the last quarter. American Century Companies Inc. increased its holdings in World Acceptance by 14.2% in the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock worth $14,482,000 after purchasing an additional 10,649 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in World Acceptance in the third quarter valued at approximately $948,000. Finally, Allianz Asset Management GmbH lifted its stake in World Acceptance by 218.0% in the third quarter. Allianz Asset Management GmbH now owns 11,219 shares of the credit services provider’s stock valued at $1,898,000 after buying an additional 7,691 shares during the period. 83.63% of the stock is owned by institutional investors.

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.