World Acceptance (NASDAQ:WRLD) Stock Price Down 4.8% – Should You Sell?

World Acceptance Corporation (NASDAQ:WRLD) shares fell 4.8% on Thursday . The stock traded as low as $134.63 and last traded at $132.0370. 22,879 shares changed hands during trading, a decline of 82% from the average session volume of 126,773 shares. The stock had previously closed at $138.63.

Analyst Ratings Changes

Several brokerages recently weighed in on WRLD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a research report on Friday, March 27th. Zacks Research raised shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

World Acceptance Price Performance

The stock’s 50-day moving average is $135.34 and its 200-day moving average is $142.96. The firm has a market cap of $631.80 million, a P/E ratio of 16.38 and a beta of 1.17. The company has a quick ratio of 25.01, a current ratio of 25.01 and a debt-to-equity ratio of 1.64.

World Acceptance (NASDAQ:WRLD) last announced its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.77). World Acceptance had a return on equity of 10.80% and a net margin of 7.46%.The company had revenue of $128.47 million for the quarter, compared to the consensus estimate of $133.49 million. As a group, equities analysts anticipate that World Acceptance Corporation will post 14 EPS for the current fiscal year.

Insider Transactions at World Acceptance

In related news, insider John L. Calmes, Jr. sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total transaction of $141,880.00. Following the transaction, the insider owned 50,334 shares of the company’s stock, valued at approximately $7,141,387.92. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 41.60% of the company’s stock.

Hedge Funds Weigh In On World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the stock. iSAM Funds UK Ltd bought a new position in World Acceptance during the third quarter worth $30,000. Russell Investments Group Ltd. increased its position 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 acquiring an additional 234 shares during the period. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 289 shares during the period. Aquatic Capital Management LLC bought a new position in World Acceptance during the third quarter worth $138,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in World Acceptance during the third quarter worth $215,000. Institutional investors own 83.63% of the company’s stock.

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.