World Acceptance (NASDAQ:WRLD) Director Sells $566,606.91 in Stock

Key Points

• World Acceptance Corporation Director Ken Bramlett, Jr. sold 3,389 shares valued at $566,606.91, reducing his ownership by 9.52% to a total of 32,205 shares.
• World Acceptance reported a loss in quarterly earnings with $0.25 EPS, missing the expected $2.44, despite exceeding revenue expectations of $132.45 million.
• Analysts have recently downgraded World Acceptance from a "strong-buy" rating to a "hold," reflecting a more cautious outlook on the company's stock performance.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) Director Ken Bramlett, Jr. sold 3,389 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total value of $566,606.91. Following the sale, the director owned 32,205 shares in the company, valued at approximately $5,384,353.95. The trade was a 9.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

World Acceptance Stock Up 1.6%

Shares of NASDAQ:WRLD traded up $2.66 during mid-day trading on Thursday, hitting $168.74. 8,723 shares of the company traded hands, compared to its average volume of 37,931. The firm has a market cap of $919.61 million, a P/E ratio of 11.39 and a beta of 1.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83. World Acceptance Corporation has a 52-week low of $104.99 and a 52-week high of $177.25. The firm's 50 day simple moving average is $167.16 and its 200 day simple moving average is $148.36.

World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.95% and a net margin of 14.29%.The business had revenue of $132.45 million for the quarter, compared to analysts' expectations of $122.38 million. On average, equities analysts anticipate that World Acceptance Corporation will post 14 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered World Acceptance from a "strong-buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake 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 buying an additional 111 shares in the last quarter. GAMMA Investing LLC raised its position in shares of World Acceptance by 570.9% during the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock worth $47,000 after purchasing an additional 314 shares during the period. Tower Research Capital LLC TRC raised its position in shares of World Acceptance by 103.2% during the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider's stock worth $94,000 after purchasing an additional 289 shares during the period. Russell Investments Group Ltd. raised its position in 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, KLP Kapitalforvaltning AS raised its position in World Acceptance by 60.0% during the second quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider's stock valued at $132,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 83.63% of the company's stock.

World Acceptance Company Profile

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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