Insider Selling: World Acceptance (NASDAQ:WRLD) SVP Sells 1,000 Shares of Stock

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 World Acceptance stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $167.33, for a total value of $167,330.00. Following the completion of the sale, the senior vice president owned 16,515 shares in the company, valued at $2,763,454.95. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

World Acceptance Trading Up 2.3%

Shares of WRLD stock traded up $3.98 on Monday, hitting $176.12. The stock had a trading volume of 27,302 shares, compared to its average volume of 38,555. 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 capitalization of $959.15 million, a P/E ratio of 11.88 and a beta of 1.28. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $177.25. The company's 50 day moving average price is $166.58 and its 200-day moving average price is $150.47.

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

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.00.

Hedge Funds Weigh In On World Acceptance

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of World Acceptance by 84,803.6% in the first quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider's stock worth $5,910,000 after buying an additional 46,642 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of World Acceptance by 33.1% in the second quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider's stock worth $9,565,000 after buying an additional 14,406 shares during the period. AQR Capital Management LLC boosted its position in shares of World Acceptance by 51.1% in the second quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider's stock worth $6,833,000 after buying an additional 13,999 shares during the period. American Century Companies Inc. boosted its position in shares of World Acceptance by 20.9% in the second quarter. American Century Companies Inc. now owns 74,973 shares of the credit services provider's stock worth $12,380,000 after buying an additional 12,954 shares during the period. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of World Acceptance in the second quarter worth about $1,887,000. 83.63% of the stock is owned by institutional investors and hedge funds.

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.