John Calmes, Jr. Sells 2,000 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider John Calmes, Jr. sold 2,000 shares of World Acceptance stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $186.00, for a total transaction of $372,000.00. Following the completion of the transaction, the insider directly owned 48,334 shares in the company, valued at approximately $8,990,124. This represents a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

World Acceptance Trading Down 0.7%

World Acceptance stock opened at $179.81 on Friday. World Acceptance Corporation has a 52 week low of $110.00 and a 52 week high of $227.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 22.99 and a current ratio of 13.49. The firm has a market capitalization of $837.91 million, a PE ratio of 21.25 and a beta of 1.13. The business’s 50-day simple moving average is $186.20 and its 200-day simple moving average is $155.28.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. The firm had revenue of $139.21 million during the quarter, compared to the consensus estimate of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Analyst Ratings Changes

WRLD has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Sunday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Trading of World Acceptance

Several institutional investors have recently modified their holdings of WRLD. iSAM Funds UK Ltd bought a new stake in shares of World Acceptance during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its position in World Acceptance by 102.4% in the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 129 shares during the period. Russell Investments Group Ltd. boosted its stake in World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after buying an additional 234 shares in the last quarter. GAMMA Investing LLC boosted its stake in World Acceptance by 15.4% during the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock worth $123,000 after buying an additional 73 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.