World Acceptance (NASDAQ:WRLD) SVP Sells $110,229.00 in Stock

by · The Cerbat Gem

World Acceptance Corporation (NASDAQ:WRLD – Get Free Report) SVP Alice Lindsay Caulder sold 609 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $181.00, for a total value of $110,229.00. Following the sale, the senior vice president directly owned 14,682 shares in the company, valued at approximately $2,657,442. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

World Acceptance Trading Up 2.6%

World Acceptance stock opened at $177.95 on Friday. The stock has a 50-day moving average price of $156.88 and a 200 day moving average price of $144.57. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $185.48. The stock has a market cap of $825.69 million, a PE ratio of 24.11 and a beta of 1.19. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on World Acceptance

Hedge Funds Weigh In On World Acceptance

Several institutional investors have recently added to or reduced their stakes in the business. iSAM Funds UK Ltd acquired a new stake in World Acceptance in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after buying an additional 129 shares during the period. Russell Investments Group Ltd. increased its stake in shares of World Acceptance by 241.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 234 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 289 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of World Acceptance during the 3rd quarter valued at about $138,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

About World Acceptance

(Get Free Report)

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.

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