World Acceptance Co. (NASDAQ:WRLD - Get Free Report) shares passed 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.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of World Acceptance from a "buy" rating to a "strong-buy" rating in a report on Monday, January 13th.
View Our Latest Report on World Acceptance
World Acceptance Stock Performance
The company has a market cap of $699.70 million, a P/E ratio of 8.50 and a beta of 1.48. The business's 50 day simple moving average is $132.09 and its 200 day simple moving average is $122.07. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.31.
World Acceptance (NASDAQ:WRLD - Get Free Report) last released its earnings results on Tuesday, January 28th. The credit services provider reported $2.45 EPS 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%. Sell-side analysts predict that World Acceptance Co. will post 14 earnings per share for the current fiscal year.
Insider Activity
In other news, SVP Scott Mcintyre sold 2,000 shares of World Acceptance stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the sale, the senior vice president now owns 7,183 shares in the company, valued at $1,079,030.26. This trade represents a 21.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Alice Lindsay Caulder sold 600 shares of World Acceptance stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.81, for a total transaction of $83,886.00. Following the sale, the senior vice president now owns 8,524 shares in the company, valued at approximately $1,191,740.44. The trade was a 6.58 % decrease in their position. 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 quarter. Insiders own 43.20% of the company's stock.
Institutional Investors Weigh In On World Acceptance
Several institutional investors and hedge funds have recently modified their holdings of WRLD. KLP Kapitalforvaltning AS bought a new stake in World Acceptance in the fourth quarter worth $56,000. FMR LLC increased its position in World Acceptance by 19.0% in the third quarter. FMR LLC now owns 822 shares of the credit services provider's stock worth $97,000 after purchasing an additional 131 shares during the last quarter. Amundi increased its position in World Acceptance by 195.7% in the fourth quarter. Amundi now owns 1,591 shares of the credit services provider's stock worth $180,000 after purchasing an additional 1,053 shares during the last quarter. Wells Fargo & Company MN increased its position in World Acceptance by 48.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,643 shares of the credit services provider's stock worth $185,000 after purchasing an additional 539 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in World Acceptance by 10.0% in the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider's stock worth $211,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 83.63% of the company's stock.
About World Acceptance
(
Get Free Report)
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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