World Acceptance (NASDAQ:WRLD – Rating Received) was upgraded from a “hold” rating to a “buy” rating by StockNews.com in a report published on Saturday.
Separately, Zacks Investment Research downgraded shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th.
World Acceptance Stock opened at $198.34 on Friday. The company has a debt to equity ratio of 1.76, a quick ratio of 20.09 and a current ratio of 20.09. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 15.89 and a beta of 1.55. World acceptance has a 1-year low of $123.17 and a 1-year high of $265.75. The company’s 50-day moving average price is $193.53 and its 200-day moving average price is $206.98.
World Acceptance (NASDAQ:WRLD – Get Rating) last issued its quarterly earnings data on Tuesday, January 25th. The credit servicer reported earnings per share of $1.14 for the quarter, beating the consensus estimate of $2.42 ($1.28). World Acceptance had a return on equity of 19.63% and a net margin of 14.30%. The company had revenue of $148.57 million for the quarter, compared to analysts’ expectations of $140.12 million. In the same quarter last year, the company posted earnings per share of $2.25. As a group, equities analysts are forecasting that World Acceptance will post 12.01 EPS for the current fiscal year.
Also on Friday, April 1, SVP Luke J. Umstetter sold 250 shares of the company’s stock in a transaction. The shares sold at an average price of $193.69 for a total transaction of $48,422.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this link. Insiders own 39.00% of the company’s shares.
Several institutional investors have recently bought and sold shares of WRLD. EAM Global Investors LLC acquired a new interest in World Acceptance stock valued at $2,368,000 during the third quarter. Citigroup Inc. increased its stake in World Acceptance shares by 269.2% during the fourth quarter. Citigroup Inc. now owns 12,301 shares of the credit servicer, valued at $3,019,000, after purchasing an additional 8,969 shares last quarter. EAM Investors LLC acquired a new interest in World Acceptance stock valued at $1,678,000 during the third quarter. invesco ltd increased its stake in World Acceptance shares by 19.2% in the fourth quarter. invesco ltd now owns 50,396 shares of the loan servicer, valued at $12,368,000, after purchasing an additional 8,115 shares last quarter. Finally, BlackRock Inc. increased its position in World Acceptance by 1.0% in the third quarter. BlackRock Inc. now owns 675,276 shares of the credit servicer’s stock valued at $128,019,000 after purchasing an additional 6,625 shares last quarter. Institutional investors and hedge funds own 85.69% of the company’s shares.
About world acceptance (received rating)
World Acceptance Corporation, together with its subsidiaries, is engaged in the small credit consumer finance business. The company offers private individuals short-term small installment loans, medium-term larger installment loans, associated credit insurance and supplementary products and services. It also offers automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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