Shares of World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 54,035 shares traded hands during trading, an increase of 72% from the previous session's volume of 31,326 shares.The stock last traded at $171.19 and had previously closed at $169.09.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 3rd.
View Our Latest Report on WRLD
World Acceptance Stock Up 0.9%
The company has a debt-to-equity ratio of 1.02, a quick ratio of 19.32 and a current ratio of 19.32. The company has a market cap of $927.87 million, a price-to-earnings ratio of 10.68 and a beta of 1.35. The stock's fifty day moving average is $152.10 and its two-hundred day moving average is $135.61.
World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share for the quarter, topping analysts' consensus estimates of $6.42 by $1.71. World Acceptance had a net margin of 15.89% and a return on equity of 21.02%. The company had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. Sell-side analysts predict that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.
Insider Transactions at World Acceptance
In related news, SVP Alice Lindsay Caulder sold 1,010 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total value of $151,500.00. Following the sale, the senior vice president owned 10,315 shares in the company, valued at $1,547,250. This represents a 8.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darrell E. Whitaker sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the completion of the sale, the director owned 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 sold a total of 3,560 shares of company stock worth $548,875 in the last 90 days. 43.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On World Acceptance
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $34,000 after buying an additional 111 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 buying an additional 314 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in World Acceptance in the 4th quarter valued at about $56,000. Russell Investments Group Ltd. increased its stake in World Acceptance by 876.2% in the 1st 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 last quarter. Finally, Amundi increased its stake in World Acceptance by 195.7% in the 4th quarter. Amundi now owns 1,591 shares of the credit services provider's stock valued at $180,000 after buying an additional 1,053 shares during the last quarter. 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.
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