World Acceptance (NASDAQ:WRLD) released its quarterly earnings data on Tuesday. The credit service provider reported earnings per share of $1.14 for the quarter, missing the consensus estimate of $1.80 per ($0.66), MarketWatch Earnings reports. World Acceptance posted a net margin of 16.08% and a return on equity of 22.06%. In the same quarter last year, the company posted earnings per share of $2.25.
World Acceptance stock opened at $219.89 on Wednesday. The company’s 50-day simple moving average is $225.99 and its 200-day simple moving average is $204.97. World Acceptance has a fifty-two week low of $110.92 and a fifty-two week high of $265.75. The company has a market capitalization of $1.47 billion, a price-earnings ratio of 16.18 and a beta of 1.50. The company has a debt ratio of 1.36, a current ratio of 15.22 and a quick ratio of 15.21.
In related news, please Scott Mcintyre sold 490 shares of World Acceptance in a trade that took place on Friday, December 17. The shares were sold at an average price of $250.00, for a total transaction of $122,500.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, CEO R Chad Prashad sold 2,000 shares of World Acceptance in a trade that took place on Tuesday, November 9. The stock was sold at an average price of $255.00, for a total transaction of $510,000.00. Disclosure of this sale can be found here. Insiders sold a total of 14,953 shares of the company worth $3,687,135 in the past three months. 39.00% of the shares are held by insiders.
A number of institutional investors and hedge funds have recently changed their positions in WRLD. Royal Bank of Canada increased its stake in World Acceptance by 565.2% in the second quarter. Royal Bank of Canada now owns 898 shares of the credit service provider valued at $144,000 after buying an additional 763 shares last quarter. Jane Street Group LLC bought a new position in World Acceptance in the third quarter worth approximately $257,000. Morgan Stanley increased its holdings of World Acceptance shares by 32.8% in the second quarter. Morgan Stanley now owns 23,192 shares of the credit service provider valued at $3,718,000 after buying an additional 5,731 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings of World Acceptance shares by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 48,926 shares of the credit service provider valued at $9,277,000 after buying an additional 760 shares in the last quarter. 83.60% of the shares are currently held by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded World Acceptance shares from a “sell” to a “hold” rating in a research report on Saturday, January 15.
About Global Acceptance
World Acceptance Corp. is active in the consumer credit business for small loans. It offers small short-term installments, larger medium-term loans, related credit insurance, ancillary products and services to individuals. The company also offers tax return preparation services to its clients. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.
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