World Acceptance (NASDAQ:WRLD) Insider Sells 88,324 Shares of Stock

Key Points

• Prescott General Partners sold 88,324 World Acceptance shares at an average price of $169.83, generating approximately $15.0 million and reducing its position by 10.73% to 735,012 shares.
• World Acceptance shares fell $11.45 to $164.47, while the company reported quarterly EPS of $1.93, beating analysts’ $0.78 estimate; revenue of $139.21 million was slightly below expectations.
• Institutional investors own 83.63% of the stock, and analysts maintain a consensus “Hold” rating. Two research firms recently issued or reaffirmed hold ratings.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider Prescott General Partners Llc sold 88,324 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $169.83, for a total value of $15,000,064.92. Following the transaction, the insider owned 735,012 shares in the company, valued at $124,827,087.96. This trade represents a 10.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Prescott General Partners Llc also recently made the following trade(s):

• On Friday, August 14th, Prescott General Partners Llc sold 133,199 shares of World Acceptance stock. The shares were sold at an average price of $187.69, for a total transaction of $25,000,120.31.

World Acceptance Stock Performance

World Acceptance stock traded down $11.45 during midday trading on Friday, hitting $164.47. The stock had a trading volume of 77,473 shares, compared to its average volume of 116,198. The company has a current ratio of 14.38, a quick ratio of 13.49 and a debt-to-equity ratio of 1.44. The firm's fifty day moving average is $179.04 and its two-hundred day moving average is $163.31. The company has a market capitalization of $766.43 million, a PE ratio of 15.29 and a beta of 1.17. World Acceptance Corporation has a 52-week low of $110.00 and a 52-week high of $227.68.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its earnings results on Friday, October 23rd. The credit services provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.15. World Acceptance had a net margin of 8.45% and a return on equity of 15.32%. The firm had revenue of $139.21 million for the quarter, compared to analysts' expectations of $140.70 million. During the same period in the prior year, the company earned ($0.33) EPS. On average, research analysts forecast that World Acceptance Corporation will post 13.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in shares of World Acceptance by 4.9% during the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider's stock worth $6,590,000 after purchasing an additional 2,300 shares during the period. Bank of New York Mellon Corp acquired a new stake in World Acceptance during the second quarter worth $4,577,000. Bank of America Corp DE raised its holdings in shares of World Acceptance by 97.5% in the 1st quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider's stock worth $2,774,000 after buying an additional 10,140 shares in the last quarter. Janney Montgomery Scott LLC grew its position in World Acceptance by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,218 shares of the credit services provider's stock worth $1,785,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of World Acceptance by 82.5% during the second quarter. Squarepoint Ops LLC now owns 7,004 shares of the credit services provider's stock worth $1,568,000 after purchasing an additional 3,166 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WRLD. Wall Street Zen cut World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. Zacks Research upgraded World Acceptance to a "hold" rating in a research note on Monday, October 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of World Acceptance in a research note on Monday, September 21st. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.

Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.

Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.

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