World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $165.34 and last traded at $164.51, with a volume of 42791 shares trading hands. The stock had previously closed at $159.36.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered World Acceptance from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 3rd.
Get Our Latest Stock Analysis on World Acceptance
World Acceptance Trading Down 0.6%
The business has a fifty day moving average of $147.98 and a 200-day moving average of $133.69. The stock has a market capitalization of $892.50 million, a price-to-earnings ratio of 10.27 and a beta of 1.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 19.32 and a quick ratio of 19.32.
World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.42 by $1.71. The firm had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. World Acceptance had a return on equity of 21.02% and a net margin of 15.89%. On average, equities analysts anticipate that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Alice Lindsay Caulder sold 1,010 shares of World Acceptance stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the transaction, the senior vice president now owns 10,315 shares of the company's stock, valued at approximately $1,547,250. This trade represents a 8.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $155.73, for a total value of $389,325.00. Following the completion of the transaction, the director now directly owns 5,074 shares in the company, valued at $790,174.02. This represents a 33.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,560 shares of company stock valued at $548,875 over the last three months. Company insiders own 43.20% of the company's stock.
Hedge Funds Weigh In On World Acceptance
Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in 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 in the last quarter. GAMMA Investing LLC boosted its position in World Acceptance by 570.9% during the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider's stock worth $47,000 after acquiring an additional 314 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in World Acceptance during the 4th quarter worth about $56,000. Russell Investments Group Ltd. boosted its position in World Acceptance by 876.2% during the 1st quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider's stock worth $104,000 after acquiring an additional 736 shares during the period. Finally, Amundi boosted its position in World Acceptance by 195.7% during the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock worth $180,000 after acquiring an additional 1,053 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.
About World Acceptance
(
Get Free Report)
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.
Further Reading
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