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

World Acceptance Corporation (NASDAQ:WRLD) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $154.53 and traded as high as $179.60. World Acceptance shares last traded at $177.01, with a volume of 68,416 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of World Acceptance in a research note on Saturday, September 27th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, World Acceptance presently has an average rating of “Hold” and a consensus target price of $10.00.

World Acceptance Stock Up 0.8%

The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10. The stock’s 50-day moving average price is $168.93 and its 200-day moving average price is $154.53. The company has a market cap of $964.70 million, a P/E ratio of 11.94 and a beta of 1.35.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($2.19). The firm had revenue of $132.45 million during the quarter, compared to the consensus estimate of $122.38 million. World Acceptance had a net margin of 14.29% and a return on equity of 18.95%. As a group, research analysts forecast that World Acceptance Corporation will post 14 EPS for the current year.

Insider Buying and Selling

In other news, Director Ken R. Bramlett, Jr. sold 3,389 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $167.19, for a total transaction of $566,606.91. Following the completion of the sale, the director directly owned 32,205 shares of the company’s stock, valued at $5,384,353.95. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Prescott General Partners Llc sold 347,064 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $172.88, for a total transaction of $60,000,424.32. Following the completion of the transaction, the insider directly owned 41,804 shares in the company, valued at approximately $7,227,075.52. The trade was a 89.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 356,559 shares of company stock worth $61,548,969 over the last quarter. Corporate insiders own 41.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in World Acceptance by 570.9% during the first quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock valued at $47,000 after buying an additional 314 shares during the period. Tower Research Capital LLC TRC boosted its stake in World Acceptance by 103.2% in the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 289 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of World Acceptance by 876.2% during the 1st quarter. Russell Investments Group Ltd. now owns 820 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 736 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of World Acceptance by 60.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 800 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 300 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of World Acceptance by 163.4% in the 2nd quarter. CWM LLC now owns 848 shares of the credit services provider’s stock worth $140,000 after purchasing an additional 526 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.