World Acceptance Corporation (NASDAQ:WRLD) Insider Sells $750,288.00 in Stock

Key Points

• Daniel Clinton Dyer, an insider at World Acceptance Corporation, sold 4,704 shares of stock worth approximately $750,288, representing a 9.92% decrease in their ownership.
• The company's stock price declined by $0.48 on Thursday, trading at $157.32, and it has a market cap of approximately $857.39 million.
• World Acceptance's recent quarterly earnings report showed an EPS of $0.25, missing estimates of $2.44, with a revenue of $132.45 million exceeding estimates.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) insider Daniel Clinton Dyer sold 4,704 shares of World Acceptance stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $159.50, for a total transaction of $750,288.00. Following the completion of the sale, the insider directly owned 42,714 shares in the company, valued at approximately $6,812,883. The trade was a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

World Acceptance Price Performance

WRLD stock traded up $3.05 during trading on Monday, reaching $157.41. 12,428 shares of the company were exchanged, compared to its average volume of 37,908. The company has a market cap of $857.88 million, a P/E ratio of 10.62 and a beta of 1.33. World Acceptance Corporation has a 52-week low of $101.85 and a 52-week high of $177.25. The stock's 50 day moving average price is $161.74 and its 200 day moving average price is $143.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 19.32 and a current ratio of 17.83.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. The business had revenue of $132.45 million during the quarter, compared to analysts' expectations of $122.38 million. As a group, analysts predict that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th.

Institutional Trading of World Acceptance

Several institutional investors and hedge funds have recently modified their holdings of WRLD. Versant Capital Management Inc lifted its holdings in shares of World Acceptance by 72.1% in the first quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC raised its position in shares of World Acceptance by 570.9% in the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock valued at $47,000 after buying an additional 314 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of World Acceptance during the fourth quarter valued at approximately $56,000. Russell Investments Group Ltd. lifted its stake in shares of World Acceptance by 876.2% during the first quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider's stock valued at $104,000 after buying an additional 736 shares during the period. Finally, CWM LLC lifted its stake in shares of World Acceptance by 163.4% during the second quarter. CWM LLC now owns 848 shares of the credit services provider's stock valued at $140,000 after buying an additional 526 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.

About World Acceptance

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.