World Acceptance (NASDAQ:WRLD) Stock Price Down 6.1% – Here’s What Happened

World Acceptance Corporation (NASDAQ:WRLD)’s share price fell 6.1% during trading on Friday . The company traded as low as $145.26 and last traded at $144.9170. 72,686 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 122,184 shares. The stock had previously closed at $154.37.

Analyst Ratings Changes

A number of research firms have commented on WRLD. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a report on Friday, March 27th. Zacks Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance currently has a consensus rating of “Hold”.

World Acceptance Stock Performance

The stock has a 50-day simple moving average of $134.30 and a 200 day simple moving average of $143.85. The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01. The company has a market capitalization of $735.07 million, a PE ratio of 19.05 and a beta of 1.17.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.77). The firm had revenue of $128.47 million for the quarter, compared to analysts’ expectations of $133.49 million. World Acceptance had a return on equity of 10.80% and a net margin of 7.46%. Equities analysts anticipate that World Acceptance Corporation will post 14 EPS for the current fiscal year.

Insider Buying and Selling

In other World Acceptance news, insider John L. Calmes, Jr. sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $141.88, for a total transaction of $141,880.00. Following the sale, the insider directly owned 50,334 shares in the company, valued at approximately $7,141,387.92. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 41.60% of the company’s stock.

Institutional Trading of World Acceptance

A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in shares of World Acceptance by 677.8% in the third quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock worth $1,959,000 after acquiring an additional 10,093 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of World Acceptance by 138.1% in the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock worth $3,424,000 after acquiring an additional 11,741 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of World Acceptance in the second quarter worth $941,000. CX Institutional acquired a new position in shares of World Acceptance in the third quarter worth $6,258,000. Finally, American Century Companies Inc. raised its holdings in shares of World Acceptance by 14.2% in the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock worth $14,482,000 after acquiring an additional 10,649 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.