World Acceptance (NASDAQ:WRLD) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $143.06 and traded as high as $171.20. World Acceptance shares last traded at $170.45, with a volume of 112,308 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

World Acceptance Stock Performance

The firm has a market capitalization of $790.89 million, a price-to-earnings ratio of 23.10 and a beta of 1.19. The company has a quick ratio of 22.99, a current ratio of 22.99 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $151.19 and a 200 day moving average price of $143.06.

World Acceptance (NASDAQ:WRLD) last announced 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). The company had revenue of $164.31 million during the quarter, compared to analysts’ expectations of $168.40 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Insider Buying and Selling

In other World Acceptance news, Director Benjamin E. Robinson III sold 180 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $160.00, for a total value of $28,800.00. Following the transaction, the director directly owned 4,926 shares in the company, valued at $788,160. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 41.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On World Acceptance

Hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its stake in 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 valued at $1,959,000 after purchasing an additional 10,093 shares during the last quarter. WINTON GROUP Ltd increased its stake in World Acceptance by 138.1% in the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock valued at $3,424,000 after purchasing an additional 11,741 shares during the last quarter. American Century Companies Inc. increased its stake in 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 valued at $14,482,000 after purchasing an additional 10,649 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in World Acceptance in the third quarter valued at approximately $948,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of World Acceptance by 218.0% in the third quarter. Allianz Asset Management GmbH now owns 11,219 shares of the credit services provider’s stock valued at $1,898,000 after acquiring an additional 7,691 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

About World Acceptance

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.