World Acceptance Corporation (NASDAQ:WRLD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday.

According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “

WRLD has been the subject of a number of other research reports. Jefferies Group LLC reiterated a “sell” rating and set a $40.00 price objective on shares of World Acceptance Corporation in a research report on Monday, May 8th. BMO Capital Markets reiterated a “sell” rating and set a $40.00 price objective on shares of World Acceptance Corporation in a research report on Tuesday, April 11th. ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. TheStreet upgraded World Acceptance Corporation from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Finally, BidaskClub cut World Acceptance Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Five research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.50.

Shares of World Acceptance Corporation (NASDAQ WRLD) traded up 2.41% during midday trading on Tuesday, hitting $80.80. 80,980 shares of the company were exchanged. The stock has a market capitalization of $700.62 million, a price-to-earnings ratio of 9.64 and a beta of 2.34. World Acceptance Corporation has a 52-week low of $42.01 and a 52-week high of $88.26. The company has a 50-day moving average price of $76.15 and a 200-day moving average price of $63.38.

World Acceptance Corporation (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by $0.54. The company had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $125.74 million. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. During the same quarter in the prior year, the business posted $1.89 EPS. On average, analysts forecast that World Acceptance Corporation will post $7.48 EPS for the current year.

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In other World Acceptance Corporation news, EVP Daniel Clinton Dyer sold 1,800 shares of World Acceptance Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $81.00, for a total value of $145,800.00. Following the completion of the sale, the executive vice president now owns 21,924 shares in the company, valued at approximately $1,775,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tara Elizabeth Bullock sold 390 shares of World Acceptance Corporation stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $80.08, for a total value of $31,231.20. Following the completion of the sale, the senior vice president now owns 7,932 shares of the company’s stock, valued at approximately $635,194.56. The disclosure for this sale can be found here. Insiders sold a total of 3,570 shares of company stock valued at $291,337 in the last 90 days. 27.30% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Airain ltd acquired a new stake in World Acceptance Corporation during the second quarter valued at approximately $921,000. Prudential Financial Inc. boosted its stake in World Acceptance Corporation by 41.2% in the second quarter. Prudential Financial Inc. now owns 62,592 shares of the credit services provider’s stock valued at $4,689,000 after buying an additional 18,260 shares during the period. Federated Investors Inc. PA boosted its stake in World Acceptance Corporation by 5.1% in the second quarter. Federated Investors Inc. PA now owns 14,451 shares of the credit services provider’s stock valued at $1,083,000 after buying an additional 704 shares during the period. BNP Paribas Arbitrage SA boosted its stake in World Acceptance Corporation by 14.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,422 shares of the credit services provider’s stock valued at $406,000 after buying an additional 665 shares during the period. Finally, Legal & General Group Plc boosted its stake in World Acceptance Corporation by 11.4% in the second quarter. Legal & General Group Plc now owns 10,982 shares of the credit services provider’s stock valued at $822,000 after buying an additional 1,126 shares during the period. Institutional investors own 97.44% of the company’s stock.

World Acceptance Corporation Company Profile

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

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