Jason Childers Sells 2,000 Shares of World Acceptance (NASDAQ:WRLD) Stock

Key Points

• World Acceptance SVP Jason Childers sold 2,000 shares at an average price of $190.74, generating $381,480. After the sale, he retained 12,799 shares, representing a 13.51% reduction in his ownership.
• WRLD shares recently traded near $190.58, with a market capitalization of approximately $888 million. The stock has risen substantially from its one-year low of $110 but remains below its $227.68 high.
• The company reported quarterly EPS of $2.12, beating estimates by $1.54, though revenue of $127.79 million fell short of the $143.90 million consensus forecast. Analysts maintain a consensus “Hold” rating, while institutional investors own 83.63% of the stock.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) SVP Jason Childers sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $190.74, for a total transaction of $381,480.00. Following the completion of the transaction, the senior vice president owned 12,799 shares of the company's stock, valued at approximately $2,441,281.26. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

World Acceptance Price Performance

World Acceptance stock traded up $0.93 during mid-day trading on Thursday, hitting $190.58. The stock had a trading volume of 52,463 shares, compared to its average volume of 135,310. The firm has a market capitalization of $888.10 million, a P/E ratio of 22.53 and a beta of 1.14. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29. The firm's 50 day moving average is $190.11 and its 200 day moving average is $158.21. World Acceptance Corporation has a one year low of $110.00 and a one year high of $227.68.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $0.58 by $1.54. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $143.90 million.

Institutional Trading of World Acceptance

Several institutional investors and hedge funds have recently made changes to their positions in WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock worth $259,000 after buying an additional 78 shares during the period. Empowered Funds LLC lifted its position in shares of World Acceptance by 4.1% in the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider's stock worth $2,964,000 after purchasing an additional 925 shares during the period. JPMorgan Chase & Co. increased its holdings in World Acceptance by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider's stock valued at $4,731,000 after buying an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of World Acceptance by 23.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider's stock worth $4,436,000 after acquiring an additional 5,025 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock valued at $1,750,000 after buying an additional 82 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WRLD has been the subject of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of World Acceptance in a report on Wednesday, June 24th. Wall Street Zen downgraded World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

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.

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