World Acceptance (NASDAQ:WRLD) Reaches New 12-Month Low at $111.17

Shares of World Acceptance Co. (NASDAQ:WRLDGet Rating) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $111.17 and last traded at $111.53, with a volume of 97 shares trading hands. The stock had previously closed at $120.52.

Several analysts have recently commented on the company. TheStreet downgraded World Acceptance from a “b-” rating to a “c+” rating in a research note on Thursday, May 12th. StockNews.com raised shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd.

The stock has a market capitalization of $700.44 million, a PE ratio of 14.20 and a beta of 1.48. The company has a current ratio of 15.36, a quick ratio of 15.36 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $162.93 and a 200-day moving average price of $192.37.

World Acceptance (NASDAQ:WRLDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The credit services provider reported $2.97 EPS for the quarter, missing the consensus estimate of $6.88 by ($3.91). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. The company had revenue of $166.33 million during the quarter, compared to the consensus estimate of $173.91 million. Sell-side analysts expect that World Acceptance Co. will post 5.23 earnings per share for the current fiscal year.

In related news, SVP Luke J. Umstetter sold 250 shares of World Acceptance stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $193.69, for a total value of $48,422.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WRLD. Royal Bank of Canada grew its position in shares of World Acceptance by 565.2% during the 2nd quarter. Royal Bank of Canada now owns 898 shares of the credit services provider’s stock valued at $144,000 after purchasing an additional 763 shares in the last quarter. Morgan Stanley increased its stake in World Acceptance by 32.8% in the 2nd quarter. Morgan Stanley now owns 23,192 shares of the credit services provider’s stock worth $3,718,000 after acquiring an additional 5,731 shares during the last quarter. Invesco Ltd. raised its holdings in shares of World Acceptance by 15.4% in the 3rd quarter. Invesco Ltd. now owns 42,281 shares of the credit services provider’s stock valued at $8,015,000 after acquiring an additional 5,655 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of World Acceptance by 6.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,408 shares of the credit services provider’s stock valued at $646,000 after acquiring an additional 196 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of World Acceptance during the third quarter worth about $257,000. Institutional investors own 85.05% of the company’s stock.

About World Acceptance (NASDAQ:WRLD)

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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