World Acceptance Corp. (NASDAQ:WRLD) SVP Sells $172,935.00 in Stock
World Acceptance Corp. (NASDAQ:WRLD) SVP Jason E. Childers sold 1,281 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $135.00, for a total value of $172,935.00. Following the completion of the transaction, the senior vice president now owns 22,329 shares in the company, valued at approximately $3,014,415. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
World Acceptance stock traded down $0.31 during mid-day trading on Thursday, reaching $128.77. 151,949 shares of the company’s stock were exchanged, compared to its average volume of 92,882. The business has a fifty day simple moving average of $150.86. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.04 and a beta of 2.42. World Acceptance Corp. has a one year low of $89.78 and a one year high of $175.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 17.63 and a quick ratio of 17.63.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, July 25th. The credit services provider reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $2.05 by ($1.08). The business had revenue of $138.40 million for the quarter, compared to the consensus estimate of $134.64 million. World Acceptance had a return on equity of 11.94% and a net margin of 12.02%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. As a group, equities research analysts anticipate that World Acceptance Corp. will post 7.26 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in World Acceptance by 105.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 198 shares during the period. Bank of Montreal Can lifted its holdings in World Acceptance by 13.1% during the first quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 111 shares during the period. Acadian Asset Management LLC bought a new stake in World Acceptance during the second quarter worth $151,000. SG Americas Securities LLC bought a new stake in World Acceptance during the second quarter worth $247,000. Finally, Everence Capital Management Inc. bought a new stake in World Acceptance during the second quarter worth $263,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
About World Acceptance
World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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