World Acceptance (NASDAQ:WRLD) Insider Prescott General Partners Llc Sells 133,199 Shares of Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Prescott General Partners Llc sold 133,199 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $187.69, for a total value of $25,000,120.31. Following the completion of the sale, the insider owned 31,148 shares of the company’s stock, valued at $5,846,168.12. This trade represents a 81.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

World Acceptance Trading Down 0.5%

NASDAQ:WRLD opened at $189.10 on Wednesday. World Acceptance Corporation has a fifty-two week low of $110.00 and a fifty-two week high of $227.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 13.49. The stock has a market capitalization of $881.21 million, a PE ratio of 22.35 and a beta of 1.14. The business’s 50-day simple moving average is $191.84 and its 200-day simple moving average is $159.95.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $1.54. The business had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Institutional Investors Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently bought and sold shares of WRLD. Geode Capital Management LLC boosted its position in World Acceptance by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock worth $12,299,000 after acquiring an additional 2,469 shares during the last quarter. Smith Thomas W acquired a new stake in shares of World Acceptance in the fourth quarter valued at approximately $10,894,000. Charles Schwab Investment Management Inc. raised its holdings in shares of World Acceptance by 15.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock valued at $10,696,000 after purchasing an additional 10,308 shares during the last quarter. Millennium Management LLC lifted its position 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. Finally, AQR Capital Management LLC lifted its position in shares of World Acceptance by 5.2% in the fourth quarter. AQR Capital Management LLC now owns 64,358 shares of the credit services provider’s stock worth $9,035,000 after purchasing an additional 3,195 shares in 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 have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.