World Acceptance (NASDAQ:WRLD) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• World Acceptance shares crossed above their 200-day moving average, reaching $173.10 compared with the $171.78 average, before last trading at $171.63.
• Analysts maintain a generally cautious outlook: two analysts rate the stock “Hold,” while Wall Street Zen recently downgraded it from “Strong Buy” to “Buy.”
• The company beat quarterly EPS estimates by $1.54, reporting $2.12 per share, although revenue of $127.79 million fell short of the $143.90 million consensus. Insiders also sold approximately $25.75 million worth of shares over the past 90 days.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $171.78 and traded as high as $173.10. World Acceptance shares last traded at $171.63, with a volume of 62,073 shares.

Analysts Set New Price Targets

WRLD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of World Acceptance in a 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 note on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, World Acceptance has a consensus rating of "Hold".

World Acceptance Price Performance

The company has a 50-day moving average of $185.70 and a 200 day moving average of $171.78. The company has a quick ratio of 13.49, a current ratio of 13.49 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $799.80 million, a PE ratio of 20.29 and a beta of 1.17.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its earnings results on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $1.54. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%. The business had revenue of $127.79 million during the quarter, compared to analysts' expectations of $143.90 million.

Insider Transactions at World Acceptance

In related news, insider John Calmes, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $186.00, for a total value of $372,000.00. Following the completion of the sale, the insider owned 48,334 shares of the company's stock, valued at approximately $8,990,124. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Prescott General Partners Llc sold 133,199 shares of World Acceptance stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $187.69, for a total value of $25,000,120.31. Following the transaction, the insider owned 31,148 shares in the company, valued at approximately $5,846,168.12. The trade was a 81.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,199 shares of company stock worth $25,753,600 in the last ninety days. Insiders own 38.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of World Acceptance by 15.4% during the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider's stock worth $123,000 after purchasing an additional 73 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of World Acceptance by 158.7% in the second quarter. IFP Advisors Inc now owns 119 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of World Acceptance by 102.4% in the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 129 shares in the last quarter. Allworth Financial LP grew its holdings in shares of World Acceptance by 51.9% in the second quarter. Allworth Financial LP now owns 433 shares of the credit services provider's stock valued at $97,000 after purchasing an additional 148 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in World Acceptance by 14.9% during the 1st quarter. Inspire Investing LLC now owns 3,848 shares of the credit services provider's stock worth $520,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 83.63% of the company's stock.

World Acceptance Company Profile

World Acceptance Corporation is a consumer finance company that provides small, short-term installment loans and related financial services to individuals who may have limited access to traditional credit. The company primarily serves customers through a network of branch offices operating under the World Finance name.

Its products generally include personal installment loans, with loan proceeds commonly used for household expenses, emergency needs and other personal purposes. Depending on the market and applicable regulations, World Acceptance may also offer optional credit-related products and ancillary services, such as insurance products and tax preparation services.

Founded in 1962 and headquartered in Greenville, South Carolina, World Acceptance serves customers primarily in the United States, with operations concentrated in the Southeast and other regions where its branch network is established.

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