World Acceptance (NASDAQ:WRLD) SVP Alice Lindsay Caulder Sells 1,000 Shares

Key Points

• World Acceptance SVP Alice Lindsay Caulder sold 1,000 shares for $167,330, reducing their holdings by 5.71% to 16,515 shares.
• The company's recent quarterly earnings missed expectations, reporting $0.25 EPS compared to the consensus estimate of $2.44, although revenue was $132.45 million, surpassing the forecast.
• Institutional investors are actively adjusting their positions, with 83.63% of shares currently held by hedge funds and other large investors.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) SVP Alice Lindsay Caulder sold 1,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $167.33, for a total transaction of $167,330.00. Following the completion of the transaction, the senior vice president directly owned 16,515 shares of the company's stock, valued at $2,763,454.95. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

World Acceptance Stock Down 1.7%

WRLD traded down $2.99 during trading on Friday, reaching $172.14. 149,478 shares of the stock traded hands, compared to its average volume of 31,337. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $177.25. The stock has a market cap of $938.16 million, a price-to-earnings ratio of 11.62 and a beta of 1.28. The stock's 50-day simple moving average is $166.58 and its two-hundred day simple moving average is $150.29. The company has a debt-to-equity ratio of 1.10, a current ratio of 17.83 and a quick ratio of 17.83.

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

Hedge Funds Weigh In On World Acceptance

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of World Acceptance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock valued at $221,000 after acquiring an additional 76 shares during the last quarter. PDT Partners LLC increased its position in 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 in the last quarter. First Trust Advisors LP raised its position in shares of World Acceptance by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock valued at $1,750,000 after acquiring an additional 82 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of World Acceptance by 2.9% during the second quarter. Prudential Financial Inc. now owns 3,480 shares of the credit services provider's stock valued at $575,000 after purchasing an additional 99 shares during the period. Finally, Versant Capital Management Inc boosted its position 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 valued at $34,000 after purchasing an additional 111 shares during the period. Institutional investors own 83.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

About World Acceptance

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.