StockNews.com Upgrades World Acceptance (NASDAQ:WRLD) to “Buy”

World Acceptance (NASDAQ:WRLDGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Zacks Investment Research cut 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 firm 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 firm’s 50 day moving average price is $193.53 and its two-hundred day moving average price is $206.98.

World Acceptance (NASDAQ:WRLDGet Rating) last posted its quarterly earnings data on Tuesday, January 25th. The credit services provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($1.28). World Acceptance had a return on equity of 19.63% and a net margin of 14.30%. The firm had revenue of $148.57 million for the quarter, compared to analysts’ expectations of $140.12 million. During the same quarter in the previous year, the firm posted $2.25 earnings per share. As a group, equities analysts predict that World Acceptance will post 12.01 EPS for the current fiscal year.

In other news, SVP Luke J. Umstetter sold 250 shares of the business’s stock in a transaction on Friday, April 1st. The shares were 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 through this link. Insiders own 39.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of WRLD. EAM Global Investors LLC acquired a new stake in shares of World Acceptance in the 3rd quarter valued at $2,368,000. Citigroup Inc. lifted its stake in shares of World Acceptance by 269.2% in the 4th quarter. Citigroup Inc. now owns 12,301 shares of the credit services provider’s stock valued at $3,019,000 after purchasing an additional 8,969 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of World Acceptance in the 3rd quarter valued at $1,678,000. Invesco Ltd. lifted its stake in shares of World Acceptance by 19.2% in the 4th quarter. Invesco Ltd. now owns 50,396 shares of the credit services provider’s stock valued at $12,368,000 after purchasing an additional 8,115 shares during the last quarter. Finally, BlackRock Inc. lifted its position in World Acceptance by 1.0% during the 3rd quarter. BlackRock Inc. now owns 675,276 shares of the credit services provider’s stock worth $128,019,000 after acquiring an additional 6,625 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

About World Acceptance (Get Rating)

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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