World Acceptance (NASDAQ:WRLD) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

World Acceptance Corporation (NASDAQ:WRLD) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $171.78 and traded as high as $173.10. World Acceptance shares last traded at $171.63, with a volume of 62,073 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a report on Monday, September 21st. Wall Street Zen cut shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, World Acceptance currently has a consensus rating of “Hold”.

World Acceptance Stock Up 1.6%

The company has a market capitalization of $812.89 million, a price-to-earnings ratio of 20.62 and a beta of 1.17. The company has a current ratio of 13.49, a quick ratio of 13.49 and a debt-to-equity ratio of 1.29. The firm’s 50 day simple moving average is $185.10 and its 200-day simple moving average is $171.80.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.

Insiders Place Their Bets

In other World Acceptance news, SVP Jason Childers sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $190.74, for a total transaction of $381,480.00. Following the transaction, the senior vice president owned 12,799 shares in the company, valued at approximately $2,441,281.26. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Calmes, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $186.00, for a total value of $372,000.00. Following the transaction, the insider directly owned 48,334 shares of the company’s stock, valued at approximately $8,990,124. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 137,199 shares of company stock worth $25,753,600. Company insiders own 38.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WRLD. IFP Advisors Inc lifted its stake in shares of World Acceptance by 158.7% in the second quarter. IFP Advisors Inc now owns 119 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC grew its position in World Acceptance by 102.4% during the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after buying an additional 129 shares during the period. Allworth Financial LP grew its position in World Acceptance by 51.9% during the second quarter. Allworth Financial LP now owns 433 shares of the credit services provider’s stock worth $97,000 after buying an additional 148 shares during the period. GAMMA Investing LLC increased its holdings in World Acceptance by 15.4% in the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after buying an additional 73 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in World Acceptance in the second quarter valued at about $184,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

About World Acceptance

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company that provides small, short-term installment loans to individuals, primarily serving consumers who may have limited access to traditional forms of credit. The company operates through a network of branch offices and digital channels.

Its products and services generally include personal installment loans, related credit insurance and other ancillary offerings. World Acceptance has also provided tax return preparation and electronic filing services in some of its markets.

Founded in 1962 and headquartered in Greenville, South Carolina, World Acceptance primarily serves customers in selected regions of the United States, including parts of the Southeast, Southwest and Midwest.