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

World Acceptance Corporation (NASDAQ:WRLD)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $163.78 and traded as low as $160.52. World Acceptance shares last traded at $161.10, with a volume of 109,245 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on WRLD shares. Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research report on Monday, September 21st. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Zacks Research raised World Acceptance to a “hold” rating in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, World Acceptance has an average rating of “Hold”.

World Acceptance Price Performance

The stock has a fifty day simple moving average of $175.40 and a two-hundred day simple moving average of $163.92. The company has a market cap of $694.71 million, a PE ratio of 13.86 and a beta of 1.23. The company has a current ratio of 14.38, a quick ratio of 13.49 and a debt-to-equity ratio of 1.44.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Friday, October 23rd. The credit services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $1.15. World Acceptance had a net margin of 8.45% and a return on equity of 15.32%. The firm had revenue of $139.21 million for the quarter, compared to analysts’ expectations of $140.70 million. During the same period in the prior year, the company earned ($0.33) EPS. On average, equities analysts predict that World Acceptance Corporation will post 13.74 EPS for the current fiscal year.

Insider Transactions at World Acceptance

In other news, Director Ken R. Bramlett, Jr. sold 3,797 shares of World Acceptance stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $176.95, for a total value of $671,879.15. Following the completion of the transaction, the director owned 28,408 shares in the company, valued at approximately $5,026,795.60. This trade represents a 11.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Prescott General Partners Llc sold 88,324 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $169.83, for a total value of $15,000,064.92. Following the transaction, the insider directly owned 735,012 shares of the company’s stock, valued at $124,827,087.96. This trade represents a 10.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 227,320 shares of company stock valued at $41,053,544. 38.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in World Acceptance by 4.2% in the third quarter. Russell Investments Group Ltd. now owns 5,636 shares of the credit services provider’s stock valued at $963,000 after acquiring an additional 227 shares during the last quarter. Inspire Investing LLC increased its stake in shares of World Acceptance by 23.2% during the 3rd quarter. Inspire Investing LLC now owns 3,708 shares of the credit services provider’s stock worth $633,000 after purchasing an additional 699 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of World Acceptance by 13.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,391 shares of the credit services provider’s stock worth $750,000 after purchasing an additional 528 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of World Acceptance by 10.6% during the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the credit services provider’s stock worth $103,000 after purchasing an additional 58 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of World Acceptance during the 2nd quarter valued at $184,000. 83.63% of the stock is owned by institutional investors and hedge funds.

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small-dollar personal installment loans and related financial services through its World Finance branch network and online channels. The company primarily serves consumers who may have limited access to traditional bank credit.

Its products and services generally include personal loans, tax return preparation and filing, and certain ancillary financial products. Loan proceeds may be used for expenses such as household needs, medical bills, automobile repairs, or other personal obligations, subject to applicable lending requirements.

Founded in 1962, World Acceptance is headquartered in Greenville, South Carolina.