World Acceptance (NASDAQ:WRLD) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

World Acceptance Corporation (NASDAQ:WRLD)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $139.98 and traded as high as $157.41. World Acceptance shares last traded at $156.50, with a volume of 184,376 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, World Acceptance has a consensus rating of “Hold”.

World Acceptance Stock Performance

The stock has a market cap of $781.06 million, a price-to-earnings ratio of 21.42 and a beta of 1.16. The stock’s 50 day moving average is $143.59 and its two-hundred day moving average is $140.41. The company has a current ratio of 25.01, a quick ratio of 25.01 and a debt-to-equity ratio of 1.64.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $7.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.74 by ($0.04). The business had revenue of $177.57 million for the quarter, compared to analyst estimates of $168.40 million. World Acceptance had a return on equity of 9.17% and a net margin of 5.98%.

Insider Buying and Selling at World Acceptance

In other news, insider John L. Calmes, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total value of $141,880.00. Following the completion of the sale, the insider owned 50,334 shares in the company, valued at approximately $7,141,387.92. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin E. Robinson III sold 180 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $160.00, for a total transaction of $28,800.00. Following the completion of the sale, the director owned 4,926 shares of the company’s stock, valued at $788,160. This trade represents a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 41.60% of the stock is currently owned by company insiders.

Institutional Trading of World Acceptance

Hedge funds have recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new stake in shares of World Acceptance in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of World Acceptance by 102.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 129 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of World Acceptance by 241.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 234 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of World Acceptance by 103.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 289 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of World Acceptance in the 3rd quarter worth $138,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.