World Acceptance (NASDAQ:WRLD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

World Acceptance Corporation (NASDAQ:WRLD) passed 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WRLD shares. Wall Street Zen lowered World Acceptance from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance presently has a consensus rating of “Hold”.

World Acceptance Price Performance

The stock’s fifty day moving average price is $175.53 and its 200-day moving average price is $151.06. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The firm has a market cap of $910.79 million, a price-to-earnings ratio of 26.60 and a beta of 1.13.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 EPS for the quarter, missing the consensus estimate of $7.74 by ($0.04). World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The firm had revenue of $164.31 million during the quarter, compared to analysts’ expectations of $168.40 million.

Insider Activity

In other news, Director Benjamin E. Robinson III sold 2,031 shares of World Acceptance stock in a transaction on Monday, June 29th. The stock was sold at an average price of $222.77, for a total transaction of $452,445.87. Following the transaction, the director owned 4,836 shares in the company, valued at approximately $1,077,315.72. The trade was a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Alice Lindsay Caulder sold 609 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $181.00, for a total value of $110,229.00. Following the transaction, the senior vice president directly owned 14,682 shares in the company, valued at $2,657,442. The trade was a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,576 shares of company stock valued at $1,149,890 in the last 90 days. Company insiders own 41.60% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 78 shares during the period. Empowered Funds LLC boosted its holdings in shares of World Acceptance by 4.1% during the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock worth $2,964,000 after purchasing an additional 925 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of World Acceptance by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock worth $4,731,000 after purchasing an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of World Acceptance by 23.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock worth $4,436,000 after purchasing an additional 5,025 shares during the period. Finally, First Trust Advisors LP grew its position in World Acceptance by 0.8% during the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after purchasing an additional 82 shares in the last quarter. 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.