World Acceptance (NASDAQ:WRLD) Stock Price Crosses Above 200-Day Moving Average on Insider Selling

Key Points

• World Acceptance Corporation's shares have crossed above their 200-day moving average following insider activity, indicating potential upward momentum in stock performance.
• The company reported disappointing quarterly earnings, with $0.25 EPS, significantly missing analysts' expectations of $2.44, although it exceeded revenue forecasts with $132.45 million in revenue.
• Hedge funds are actively buying and selling shares, with institutional investors owning 83.63% of the company's stock, reflecting strong interest in the company's prospects.

Shares of World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) crossed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of $144.43 and traded as high as $162.00. World Acceptance shares last traded at $161.31, with a volume of 61,197 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th.

World Acceptance Trading Down 0.7%

The company's fifty day moving average is $163.48 and its two-hundred day moving average is $145.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83. The company has a market cap of $923.09 million, a price-to-earnings ratio of 11.43 and a beta of 1.33.

World Acceptance (NASDAQ:WRLD - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The credit services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($2.19). World Acceptance had a return on equity of 18.95% and a net margin of 14.29%. The business had revenue of $132.45 million during the quarter, compared to analyst estimates of $122.38 million. On average, research analysts anticipate that World Acceptance Corporation will post 14 EPS for the current year.

Institutional Investors Weigh In On World Acceptance

Hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC increased its holdings in shares of World Acceptance by 22.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,461 shares of the credit services provider's stock valued at $240,000 after purchasing an additional 264 shares in the last quarter. HRT Financial LP purchased a new position in shares of World Acceptance during the 2nd quarter valued at approximately $1,808,000. BNP Paribas Financial Markets increased its holdings in shares of World Acceptance by 35.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,495 shares of the credit services provider's stock valued at $2,063,000 after purchasing an additional 3,265 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of World Acceptance by 33.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider's stock valued at $9,565,000 after purchasing an additional 14,406 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of World Acceptance by 51.1% during the 2nd quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider's stock valued at $6,833,000 after purchasing an additional 13,999 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company's stock.

World Acceptance Company Profile

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.