World Acceptance (NASDAQ:WRLD) Share Price Passes Above Two Hundred Day Moving Average Following Insider Selling

World Acceptance Corporation (NASDAQ:WRLD) passed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of $144.43 and traded as high as $162.00. World Acceptance shares last traded at $161.31, with a volume of 61,197 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered World Acceptance from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th.

World Acceptance Price Performance

The firm has a market capitalization of $917.18 million, a P/E ratio of 11.36 and a beta of 1.33. The firm has a 50 day moving average price of $162.89 and a 200-day moving average price of $144.59. The company has a current ratio of 17.83, a quick ratio of 17.83 and a debt-to-equity ratio of 1.10.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($2.19). The company 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%. On average, analysts expect that World Acceptance Corporation will post 14 earnings per share for the current year.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of World Acceptance by 570.9% in the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 314 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of World Acceptance by 2.4% in the first quarter. Principal Financial Group Inc. now owns 16,162 shares of the credit services provider’s stock worth $2,045,000 after buying an additional 386 shares during the period. Northern Trust Corp raised its holdings in shares of World Acceptance by 13.4% in the fourth quarter. Northern Trust Corp now owns 64,584 shares of the credit services provider’s stock worth $7,262,000 after buying an additional 7,622 shares during the period. Barclays PLC raised its holdings in shares of World Acceptance by 7.3% in the fourth quarter. Barclays PLC now owns 8,218 shares of the credit services provider’s stock worth $924,000 after buying an additional 561 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of World Acceptance by 42.2% in the fourth quarter. JPMorgan Chase & Co. now owns 30,968 shares of the credit services provider’s stock worth $3,482,000 after buying an additional 9,194 shares during the period. 83.63% of the stock is owned by institutional investors.

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.