World Acceptance (NASDAQ:WRLD) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $154.53 and traded as high as $179.60. World Acceptance shares last traded at $177.01, with a volume of 68,416 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of World Acceptance in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of World Acceptance from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 26th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance presently has an average rating of “Hold” and an average price target of $10.00.

World Acceptance Trading Up 0.8%

The company has a market capitalization of $964.70 million, a price-to-earnings ratio of 11.94 and a beta of 1.35. The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average price is $168.93 and its two-hundred day moving average price is $154.53.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. The company had revenue of $132.45 million during the quarter, compared to the consensus estimate of $122.38 million. On average, equities analysts predict that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Prescott General Partners Llc sold 347,064 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the sale, the insider owned 41,804 shares in the company, valued at $7,227,075.52. The trade was a 89.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel Clinton Dyer sold 4,704 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total value of $750,288.00. Following the completion of the transaction, the insider directly owned 42,714 shares of the company’s stock, valued at approximately $6,812,883. The trade was a 9.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 356,559 shares of company stock worth $61,548,969 in the last ninety days. Insiders own 41.60% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake 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 purchasing an additional 46,642 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in World Acceptance by 6.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 4,743 shares of the credit services provider’s stock worth $600,000 after buying an additional 273 shares during the period. Principal Financial Group Inc. grew its position in shares of World Acceptance by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 16,162 shares of the credit services provider’s stock valued at $2,045,000 after buying an additional 386 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of World Acceptance in the 1st quarter valued at about $368,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of World Acceptance in the first quarter valued at about $402,000. 83.63% of the stock is owned by institutional investors.

World Acceptance Company Profile

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.