World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) shares saw strong trading volume on Thursday . 42,791 shares traded hands during mid-day trading, an increase of 37% from the previous session's volume of 31,170 shares.The stock last traded at $163.88 and 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 research report on Tuesday, June 3rd.
Check Out Our Latest Report on WRLD
World Acceptance Price Performance
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 50-day moving average of $147.98 and a 200-day moving average of $133.69. The firm has a market capitalization of $892.50 million, a price-to-earnings ratio of 10.27 and a beta of 1.35.
World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings data 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. World Acceptance had a return on equity of 21.02% and a net margin of 15.89%. The business had revenue of $165.27 million during the quarter, compared to the consensus estimate of $154.52 million. As a group, research analysts anticipate that World Acceptance Corporation will post 14 EPS for the current fiscal year.
Insider Activity at World Acceptance
In related news, SVP Alice Lindsay Caulder sold 1,010 shares of World Acceptance stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $150.00, for a total value of $151,500.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of World Acceptance stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $155.73, for a total value of $389,325.00. Following the completion of the sale, the director now directly owns 5,074 shares in the company, valued at approximately $790,174.02. This represents a 33.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,560 shares of company stock valued at $548,875. 43.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider's stock worth $2,964,000 after purchasing an additional 925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of World Acceptance by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock worth $259,000 after purchasing an additional 78 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of World Acceptance by 2.2% during the 1st quarter. Bridgeway Capital Management LLC now owns 43,522 shares of the credit services provider's stock worth $5,508,000 after purchasing an additional 925 shares during the last quarter. PDT Partners LLC increased its position in shares of World Acceptance by 1.6% during 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 last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of World Acceptance during the 1st quarter worth approximately $308,000. Institutional investors and hedge funds 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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