World Acceptance (NASDAQ:WRLD) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

World Acceptance Co. (NASDAQ:WRLD) 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 trading hands.

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 firm has a market capitalization of $698.09 million, a PE ratio of 8.48 and a beta of 1.48. The firm’s 50 day moving average price is $131.76 and its 200-day moving average price is $122.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. On average, research analysts expect that World Acceptance Co. will post 14 EPS for the current year.

Insider Transactions at World Acceptance

In other World Acceptance news, insider Luke J. Umstetter sold 600 shares of World Acceptance stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $150.00, for a total value of $90,000.00. Following the transaction, the insider now directly owns 15,248 shares in the company, valued at approximately $2,287,200. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Scott Mcintyre sold 2,000 shares of World Acceptance stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the sale, the senior vice president now directly owns 7,183 shares in the company, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,188 shares of company stock worth $619,409 over the last ninety days. Company insiders own 43.20% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in World Acceptance by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 15,776 shares of the credit services provider’s stock worth $1,774,000 after acquiring an additional 176 shares during the last quarter. Barclays PLC increased its holdings in World Acceptance by 282.9% in the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 5,657 shares in the last quarter. HighTower Advisors LLC lifted its position in World Acceptance by 10.0% during the 3rd quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares in the last quarter. Jane Street Group LLC lifted its holdings in World Acceptance by 24.0% in the 3rd quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider’s stock worth $976,000 after buying an additional 1,601 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in World Acceptance during the 4th quarter worth approximately $1,504,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

About World Acceptance

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.