World Acceptance (NASDAQ:WRLD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

World Acceptance Co. (NASDAQ:WRLD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $122.01 and traded as high as $122.95. World Acceptance shares last traded at $121.47, with a volume of 20,031 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th.

World Acceptance Stock Performance

The firm has a market capitalization of $698.09 million, a price-to-earnings ratio of 8.48 and a beta of 1.48. The stock’s fifty day moving average is $131.90 and its two-hundred day moving average is $122.04. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $1.22. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. On average, analysts predict that World Acceptance Co. will post 14 earnings per share for the current year.

Insider Buying and Selling at World Acceptance

In other World Acceptance news, SVP Alice Lindsay Caulder sold 600 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.81, for a total value of $83,886.00. Following the transaction, the senior vice president now directly owns 8,524 shares in the company, valued at $1,191,740.44. The trade was a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason E. Childers sold 500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $143.58, for a total transaction of $71,790.00. Following the completion of the transaction, the senior vice president now owns 8,039 shares in the company, valued at approximately $1,154,239.62. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,188 shares of company stock worth $619,409 over the last ninety days. Insiders own 43.20% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

A number of institutional investors have recently modified their holdings of the business. Numerai GP LLC boosted its position in shares of World Acceptance by 155.4% in the fourth quarter. Numerai GP LLC now owns 6,412 shares of the credit services provider’s stock valued at $721,000 after acquiring an additional 3,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of World Acceptance by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,966 shares of the credit services provider’s stock valued at $221,000 after acquiring an additional 76 shares during the period. Deutsche Bank AG boosted its position in shares of World Acceptance by 50.2% in the fourth quarter. Deutsche Bank AG now owns 3,164 shares of the credit services provider’s stock valued at $356,000 after acquiring an additional 1,057 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of World Acceptance by 14.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 33,632 shares of the credit services provider’s stock valued at $3,782,000 after acquiring an additional 4,329 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of World Acceptance by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,597 shares of the credit services provider’s stock valued at $4,790,000 after acquiring an additional 1,067 shares during the period. 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.