World Acceptance (NASDAQ:WRLD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

World Acceptance Co. (NASDAQ:WRLD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $122.01 and traded as high as $122.95. World Acceptance shares last traded at $121.47, with a volume of 20,031 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th.

World Acceptance Stock Performance

The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31. The stock has a market cap of $698.09 million, a price-to-earnings ratio of 8.48 and a beta of 1.48. The company has a 50 day simple moving average of $131.90 and a 200 day simple moving average of $122.04.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. As a group, equities research analysts forecast that World Acceptance Co. will post 14 EPS for the current year.

Insider Activity

In other World Acceptance news, SVP Jason E. Childers sold 500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $143.58, for a total transaction of $71,790.00. Following the completion of the sale, the senior vice president now owns 8,039 shares of the company’s stock, valued at approximately $1,154,239.62. This represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alice Lindsay Caulder sold 600 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.81, for a total transaction of $83,886.00. Following the sale, the senior vice president now directly owns 8,524 shares of the company’s stock, valued at $1,191,740.44. This represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,188 shares of company stock valued at $619,409 over the last quarter. 43.20% of the stock is owned by company insiders.

Institutional Trading of World Acceptance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRLD. Royce & Associates LP acquired a new stake in World Acceptance during the 3rd quarter valued at approximately $627,000. Empowered Funds LLC boosted its holdings in shares of World Acceptance by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,430 shares of the credit services provider’s stock worth $2,528,000 after buying an additional 1,072 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of World Acceptance by 2.7% during the 3rd quarter. Quest Partners LLC now owns 3,519 shares of the credit services provider’s stock worth $415,000 after buying an additional 93 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of World Acceptance during the 3rd quarter worth approximately $275,000. Finally, Quantbot Technologies LP boosted its holdings in shares of World Acceptance by 53.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock worth $236,000 after buying an additional 694 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.