World Acceptance (NASDAQ:WRLD) Stock: Insider Ken Bramlett Jr Sells 3,797 Shares

Key Points

• Director Ken Bramlett Jr. sold 3,797 World Acceptance shares at an average price of $176.95, generating approximately $671,879. He retained 28,408 shares after the transaction, an 11.79% reduction in his ownership.
• WRLD shares fell 5.4% to $166.39, while the company reported quarterly EPS of $1.93—beating the $0.78 analyst consensus—on revenue of $139.21 million.
• Analysts maintain a consensus “Hold” rating, and institutional investors own 83.63% of the company’s stock.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) Director Ken Bramlett, Jr. sold 3,797 shares of the company's stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $176.95, for a total transaction of $671,879.15. Following the completion of the transaction, the director owned 28,408 shares in the company, valued at approximately $5,026,795.60. This represents a 11.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

World Acceptance Trading Down 5.4%

NASDAQ WRLD traded down $9.53 on Friday, reaching $166.39. The stock had a trading volume of 25,870 shares, compared to its average volume of 115,947. The firm has a market capitalization of $775.38 million, a price-to-earnings ratio of 15.47 and a beta of 1.17. The company has a quick ratio of 13.49, a current ratio of 14.38 and a debt-to-equity ratio of 1.44. World Acceptance Corporation has a 12-month low of $110.00 and a 12-month high of $227.68. The stock has a fifty day moving average price of $179.04 and a two-hundred day moving average price of $163.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The credit services provider reported $1.93 EPS for the quarter, topping the consensus estimate of $0.78 by $1.15. The business had revenue of $139.21 million during the quarter, compared to analyst estimates of $140.70 million. World Acceptance had a return on equity of 15.32% and a net margin of 8.45%. During the same period last year, the business posted ($0.33) earnings per share. As a group, sell-side analysts forecast that World Acceptance Corporation will post 13.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on WRLD. Weiss Ratings reiterated a "hold (c)" rating on shares of World Acceptance in a research note on Monday, September 21st. Wall Street Zen cut World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. Finally, Zacks Research raised World Acceptance to a "hold" rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, World Acceptance has a consensus rating of "Hold".

Institutional Investors Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently bought and sold shares of WRLD. GAMMA Investing LLC grew its position in World Acceptance by 10.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the credit services provider's stock worth $103,000 after buying an additional 58 shares during the period. IFP Advisors Inc lifted its holdings in World Acceptance by 158.7% in the 2nd quarter. IFP Advisors Inc now owns 119 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $34,000 after acquiring an additional 129 shares during the period. Allworth Financial LP lifted its position in World Acceptance by 51.9% during the second quarter. Allworth Financial LP now owns 433 shares of the credit services provider's stock worth $97,000 after buying an additional 148 shares during the period. Finally, Inspire Investing LLC grew its holdings in World Acceptance by 14.9% in the first quarter. Inspire Investing LLC now owns 3,848 shares of the credit services provider's stock valued at $520,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 83.63% of the company's stock.

About World Acceptance

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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