World Acceptance (NASDAQ:WRLD) Downgraded by BidaskClub

World Acceptance (NASDAQ:WRLD) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, September 5th, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 17th. ValuEngine upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. BMO Capital Markets decreased their target price on shares of World Acceptance to $65.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. Finally, Janney Montgomery Scott reiterated a “sell” rating and set a $87.00 target price (down previously from $108.00) on shares of World Acceptance in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.67.

Shares of WRLD stock opened at $127.97 on Thursday. The company has a current ratio of 17.63, a quick ratio of 17.63 and a debt-to-equity ratio of 0.81. World Acceptance has a 12 month low of $89.78 and a 12 month high of $175.78. The company has a market cap of $1.17 billion, a P/E ratio of 15.94 and a beta of 2.45. The firm has a fifty day moving average price of $131.95 and a 200 day moving average price of $135.43.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, July 25th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($1.08). World Acceptance had a net margin of 12.02% and a return on equity of 11.94%. The company had revenue of $138.40 million during the quarter, compared to analyst estimates of $134.64 million. During the same quarter in the prior year, the company earned $1.69 EPS. The business’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that World Acceptance will post 6.78 EPS for the current year.

In other news, SVP Alice Lindsay Caulder sold 672 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $128.90, for a total transaction of $86,620.80. Following the completion of the transaction, the senior vice president now directly owns 21,245 shares of the company’s stock, valued at approximately $2,738,480.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider R Chad Prashad sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $140.01, for a total transaction of $770,055.00. Following the transaction, the insider now directly owns 92,277 shares of the company’s stock, valued at $12,919,702.77. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,451 shares of company stock valued at $1,460,035. 30.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its position in World Acceptance by 5.5% during the first quarter. Great West Life Assurance Co. Can now owns 9,263 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 481 shares during the last quarter. First Trust Advisors LP boosted its position in World Acceptance by 23.4% during the second quarter. First Trust Advisors LP now owns 14,724 shares of the credit services provider’s stock worth $2,416,000 after acquiring an additional 2,791 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in World Acceptance by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,142 shares of the credit services provider’s stock worth $719,000 after acquiring an additional 340 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in World Acceptance during the second quarter worth approximately $935,000. Finally, Bank of Montreal Can boosted its position in World Acceptance by 13.1% during the first quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as 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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