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 on Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total value of $750,288.00. Following the sale, the insider directly owned 42,714 shares of the company's stock, valued at approximately $6,812,883. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

World Acceptance Price Performance

NASDAQ WRLD traded down $0.48 on Thursday, hitting $157.32. 54,968 shares of the company's stock were exchanged, compared to its average volume of 37,947. The stock has a 50-day moving average of $161.23 and a 200-day moving average of $142.21. The company has a current ratio of 17.83, a quick ratio of 19.32 and a debt-to-equity ratio of 1.10. World Acceptance Corporation has a 52 week low of $101.85 and a 52 week high of $177.25. The stock has a market cap of $857.39 million, a price-to-earnings ratio of 10.62 and a beta of 1.35.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WRLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock worth $221,000 after purchasing an additional 76 shares during the period. PDT Partners LLC raised its holdings in shares of World Acceptance by 1.6% in the 1st quarter. PDT Partners LLC now owns 4,894 shares of the credit services provider's stock worth $619,000 after purchasing an additional 78 shares during the period. Comerica Bank raised its holdings in shares of World Acceptance by 3.8% in the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider's stock worth $283,000 after purchasing an additional 93 shares during the period. Versant Capital Management Inc raised its holdings in shares of World Acceptance by 72.1% in the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock worth $34,000 after purchasing an additional 111 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in World Acceptance by 6.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 4,743 shares of the credit services provider's stock valued at $600,000 after acquiring an additional 273 shares during the period. 83.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.

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