World Acceptance (NASDAQ:WRLD) Shares Cross Above 200 Day Moving Average – What’s Next?

World Acceptance Corporation (NASDAQ:WRLD) shares passed 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 trading hands.

Analyst Ratings Changes

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

World Acceptance Stock Up 1.1%

The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average price is $152.73 and its two-hundred day moving average price is $143.55. The company has a market capitalization of $794.97 million, a price-to-earnings ratio of 23.22 and a beta of 1.19.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data 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 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

In related 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 transaction of $28,800.00. Following the sale, the director owned 4,926 shares in the company, valued at approximately $788,160. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 41.60% of the company’s stock.

Hedge Funds Weigh In On World Acceptance

Several institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC increased its position in shares of World Acceptance by 677.8% during the third quarter. Intech Investment Management LLC now owns 11,582 shares of the credit services provider’s stock worth $1,959,000 after acquiring an additional 10,093 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of World Acceptance by 138.1% during the third quarter. WINTON GROUP Ltd now owns 20,241 shares of the credit services provider’s stock worth $3,424,000 after acquiring an additional 11,741 shares in the last quarter. American Century Companies Inc. increased its position in shares of World Acceptance by 14.2% during the third quarter. American Century Companies Inc. now owns 85,622 shares of the credit services provider’s stock worth $14,482,000 after acquiring an additional 10,649 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of World Acceptance during the third quarter worth about $948,000. Finally, SageGuard Financial Group LLC bought a new stake in shares of World Acceptance during the fourth quarter worth about $528,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.