World Acceptance (NASDAQ:WRLD) Shares Pass Above 200 Day Moving Average Following 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.

World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) crossed above its 200-day moving average during trading on Monday after an insider bought additional shares in the company. 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 traded.

Analyst Ratings Changes

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

World Acceptance Stock Performance

The company has a market capitalization of $879.14 million, a PE ratio of 10.88 and a beta of 1.33. The business's fifty day moving average is $162.67 and its two-hundred day moving average is $144.43. The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of World Acceptance by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider's stock valued at $221,000 after purchasing an additional 76 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of World Acceptance by 1.6% during the 1st quarter. PDT Partners LLC now owns 4,894 shares of the credit services provider's stock valued at $619,000 after purchasing an additional 78 shares during the last quarter. Comerica Bank boosted its holdings in shares of World Acceptance by 3.8% during the 4th quarter. Comerica Bank now owns 2,513 shares of the credit services provider's stock valued at $283,000 after purchasing an additional 93 shares during the last quarter. Versant Capital Management Inc raised its position in shares of World Acceptance by 72.1% during the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider's stock valued at $34,000 after buying an additional 111 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of World Acceptance by 6.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 4,743 shares of the credit services provider's stock valued at $600,000 after buying an additional 273 shares in the last quarter. Institutional investors own 83.63% of the company's stock.

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.

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