Daniel Clinton Dyer Sells 8,857 Shares of World Acceptance (NASDAQ:WRLD) Stock

World Acceptance Corporation (NASDAQ:WRLD) insider Daniel Clinton Dyer sold 8,857 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $149.00, for a total transaction of $1,319,693.00. Following the completion of the sale, the insider owned 33,640 shares in the company, valued at approximately $5,012,360. This trade represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Daniel Clinton Dyer also recently made the following trade(s):

• On Monday, December 15th, Daniel Clinton Dyer sold 89 shares of World Acceptance stock. The stock was sold at an average price of $150.00, for a total transaction of $13,350.00.

World Acceptance Stock Up 1.3%

Shares of World Acceptance stock opened at $147.94 on Friday. The company has a quick ratio of 24.16, a current ratio of 24.16 and a debt-to-equity ratio of 1.60. The firm has a market cap of $745.62 million, a P/E ratio of 14.16 and a beta of 1.08. World Acceptance Corporation has a fifty-two week low of $104.99 and a fifty-two week high of $185.48. The business has a 50-day moving average price of $147.96 and a 200 day moving average price of $160.28.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, October 23rd. The credit services provider reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($2.25). The firm had revenue of $120.12 million for the quarter, compared to the consensus estimate of $127.85 million. World Acceptance had a return on equity of 13.65% and a net margin of 10.00%. On average, sell-side analysts forecast that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On World Acceptance

Several hedge funds and other institutional investors have recently modified their holdings of the company. iSAM Funds UK Ltd bought a new position in shares of World Acceptance during the third quarter worth about $30,000. Russell Investments Group Ltd. lifted its position in World Acceptance by 241.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 234 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in World Acceptance by 103.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares during the period. KLP Kapitalforvaltning AS grew its position in World Acceptance by 60.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 300 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in World Acceptance in the 3rd quarter worth about $138,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research lowered shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of World Acceptance in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

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.