World Acceptance (NASDAQ:WRLD) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of World Acceptance Corporation (NASDAQ:WRLD - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $133.59 and traded as high as $170.44. World Acceptance shares last traded at $168.08, with a volume of 131,582 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of World Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 3rd.

World Acceptance Trading Down 0.6%

The company has a debt-to-equity ratio of 1.02, a current ratio of 19.32 and a quick ratio of 19.32. The stock has a 50-day moving average price of $147.98 and a two-hundred day moving average price of $133.69. The stock has a market cap of $892.50 million, a PE ratio of 10.27 and a beta of 1.35.

World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share for the quarter, beating the consensus estimate of $6.42 by $1.71. The business had revenue of $165.27 million during the quarter, compared to analysts' expectations of $154.52 million. World Acceptance had a return on equity of 21.02% and a net margin of 15.89%. Sell-side analysts forecast that World Acceptance Corporation will post 14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other World Acceptance news, Director Darrell E. Whitaker sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the sale, the director now directly owns 5,074 shares in the company, valued at $790,174.02. This represents a 33.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Alice Lindsay Caulder sold 1,010 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total value of $151,500.00. Following the completion of the sale, the senior vice president now directly owns 10,315 shares of the company's stock, valued at $1,547,250. The trade was a 8.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,560 shares of company stock worth $548,875. Insiders own 43.20% of the company's stock.

Hedge Funds Weigh In On World Acceptance

Large investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in World Acceptance by 4.1% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $259,000 after acquiring an additional 78 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of World Acceptance by 2.2% in the 1st quarter. Bridgeway Capital Management LLC now owns 43,522 shares of the credit services provider's stock worth $5,508,000 after acquiring an additional 925 shares during the last quarter. PDT Partners LLC boosted its stake 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 worth $619,000 after purchasing an additional 78 shares during the period. Finally, Magnetar Financial LLC bought a new position in World Acceptance during the 1st quarter valued at about $308,000. 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.