World Acceptance Corporation (NASDAQ:WRLD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $162.33 and traded as high as $194.92. World Acceptance shares last traded at $193.45, with a volume of 52,696 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of World Acceptance in a research note on Wednesday, June 24th. 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. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, World Acceptance currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on World Acceptance
World Acceptance Price Performance
The company has a 50 day moving average of $193.19 and a 200 day moving average of $162.33. The stock has a market capitalization of $901.48 million, a price-to-earnings ratio of 22.87 and a beta of 1.14. The company has a quick ratio of 13.49, a current ratio of 13.49 and a debt-to-equity ratio of 1.29.
World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $1.54. The firm had revenue of $127.79 million for the quarter, compared to analyst estimates of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.
Insiders Place Their Bets
In related news, insider John L. Calmes, Jr. sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $186.00, for a total transaction of $372,000.00. Following the completion of the transaction, the insider owned 48,334 shares of the company's stock, valued at approximately $8,990,124. This represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles D. Way sold 833 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total transaction of $187,425.00. Following the transaction, the director directly owned 12,729 shares in the company, valued at approximately $2,864,025. This represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 142,505 shares of company stock valued at $26,860,290. 38.00% of the stock is currently owned by corporate insiders.
Institutional Trading of World Acceptance
Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in shares of World Acceptance by 21,711.9% during the 2nd quarter. California State Teachers Retirement System now owns 632,544 shares of the credit services provider's stock worth $141,582,000 after buying an additional 629,644 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in World Acceptance in the second quarter valued at $499,000. Susquehanna International Group LLP boosted its holdings in World Acceptance by 53.7% in the second quarter. Susquehanna International Group LLP now owns 2,328 shares of the credit services provider's stock valued at $521,000 after acquiring an additional 813 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in World Acceptance in the second quarter valued at $1,239,000. Finally, JB Capital Partners LP purchased a new stake in World Acceptance during the second quarter valued at about $239,274,000. 83.63% of the stock is owned by hedge funds and other institutional investors.
About World Acceptance
(
Get Free Report)
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.
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