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 R. Bramlett, Jr. sold 3,389 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total value of $566,606.91. Following the completion of the transaction, the director directly owned 32,205 shares in the company, valued at approximately $5,384,353.95. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

World Acceptance Trading Down 0.4%

Shares of WRLD stock traded down $0.73 during trading hours on Tuesday, reaching $168.39. The company had a trading volume of 11,595 shares, compared to its average volume of 37,911. The company has a 50 day moving average of $166.78 and a 200 day moving average of $149.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 17.83 and a quick ratio of 17.83. The firm has a market cap of $917.02 million, a price-to-earnings ratio of 11.36 and a beta of 1.27. World Acceptance Corporation has a 1-year low of $104.99 and a 1-year high of $177.25.

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

Hedge Funds Weigh In On World Acceptance

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of World Acceptance by 570.9% in the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock valued at $47,000 after acquiring an additional 314 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of World Acceptance in the 1st quarter valued at about $308,000. Principal Financial Group Inc. grew its holdings in shares of World Acceptance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 16,162 shares of the credit services provider's stock valued at $2,045,000 after acquiring an additional 386 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of World Acceptance by 17.0% in the 1st quarter. American Century Companies Inc. now owns 62,019 shares of the credit services provider's stock valued at $7,849,000 after acquiring an additional 9,005 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of World Acceptance by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider's stock valued at $44,196,000 after acquiring an additional 7,429 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

Analyst Ratings Changes

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

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.