World Acceptance Corporation (NASDAQ:WRLD – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $151.06 and traded as high as $202.24. World Acceptance shares last traded at $196.29, with a volume of 91,286 shares traded.
Analyst Upgrades and Downgrades
WRLD has been the topic of a number of recent research reports. Wall Street Zen lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on World Acceptance
World Acceptance Trading Down 0.7%
World Acceptance (NASDAQ:WRLD – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The company had revenue of $164.31 million for the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.
Insider Activity at World Acceptance
In other World Acceptance news, SVP Alice Lindsay Caulder sold 609 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $181.00, for a total transaction of $110,229.00. Following the transaction, the senior vice president owned 14,682 shares of the company’s stock, valued at $2,657,442. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles D. Way sold 833 shares of World Acceptance stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total transaction of $187,425.00. Following the completion of the transaction, the director owned 12,729 shares in the company, valued at approximately $2,864,025. This trade represents a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,576 shares of company stock valued at $1,149,890 in the last ninety days. 41.60% of the stock is owned by company insiders.
Institutional Trading of World Acceptance
A number of institutional investors and hedge funds have recently made changes to their positions in WRLD. Geode Capital Management LLC boosted its holdings in World Acceptance by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 87,588 shares of the credit services provider’s stock valued at $12,299,000 after acquiring an additional 2,469 shares during the last quarter. Smith Thomas W acquired a new stake in World Acceptance during the fourth quarter worth about $10,894,000. Charles Schwab Investment Management Inc. increased its stake in World Acceptance by 15.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 76,188 shares of the credit services provider’s stock worth $10,696,000 after acquiring an additional 10,308 shares during the last quarter. Millennium Management LLC raised its holdings in shares of World Acceptance by 680.5% in the 4th quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock worth $9,497,000 after purchasing an additional 58,982 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of World Acceptance by 5.2% in the 4th quarter. AQR Capital Management LLC now owns 64,358 shares of the credit services provider’s stock worth $9,035,000 after purchasing an additional 3,195 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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