World Acceptance (NASDAQ:WRLD) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• World Acceptance shares crossed above its 200‑day moving average, trading as high as $155.54 and last at $153.25 versus a 200‑day MA of $141.21, signaling a potential technical shift.
• The company reported quarterly EPS of ($0.19) versus consensus $0.58 and missed revenue estimates, while trading at a P/E of 19.62 and a market cap of $756.6M; analysts' consensus rating remains Hold.
• An insider (John L. Calmes, Jr.) recently sold 1,000 shares and insiders own 41.6% of the stock, while institutional investors hold about 83.6% with several funds modestly increasing stakes.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $141.21 and traded as high as $155.54. World Acceptance shares last traded at $153.25, with a volume of 178,693 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of World Acceptance in a report on Friday, March 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

World Acceptance Stock Down 0.9%

The company has a debt-to-equity ratio of 1.64, a current ratio of 25.01 and a quick ratio of 25.01. The company has a market capitalization of $756.60 million, a price-to-earnings ratio of 19.62 and a beta of 1.17. The firm has a 50-day moving average price of $139.59 and a two-hundred day moving average price of $141.21.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its earnings results on Tuesday, January 27th. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.77). The firm had revenue of $128.47 million during the quarter, compared to analyst estimates of $133.49 million. World Acceptance had a net margin of 7.46% and a return on equity of 10.80%.

Insider Buying and Selling at World Acceptance

In other news, insider John L. Calmes, Jr. sold 1,000 shares of World Acceptance stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $141.88, for a total value of $141,880.00. Following the sale, the insider directly owned 50,334 shares in the company, valued at $7,141,387.92. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 41.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock valued at $259,000 after buying an additional 78 shares during the last quarter. Empowered Funds LLC lifted its position in World Acceptance by 4.1% during the 1st quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider's stock worth $2,964,000 after buying an additional 925 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of World Acceptance by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider's stock worth $4,731,000 after buying an additional 4,092 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of World Acceptance by 23.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider's stock worth $4,436,000 after buying an additional 5,025 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of World Acceptance by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider's stock valued at $1,750,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

About World Acceptance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.