World Acceptance (WRLD) Downgraded by BidaskClub
World Acceptance (NASDAQ:WRLD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 4th. Jefferies Group reaffirmed a “sell” rating and issued a $60.00 price objective on shares of World Acceptance in a report on Thursday, October 12th. Five research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.00.
World Acceptance (NASDAQ:WRLD) opened at $79.73 on Friday. World Acceptance has a one year low of $42.01 and a one year high of $88.26. The company has a quick ratio of 16.43, a current ratio of 16.43 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $706.13, a price-to-earnings ratio of 10.93 and a beta of 2.40.
A number of large investors have recently added to or reduced their stakes in WRLD. Capstone Asset Management Co. bought a new stake in World Acceptance during the second quarter valued at about $269,000. Bank of Montreal Can grew its holdings in World Acceptance by 110.3% during the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 963 shares during the period. Aperio Group LLC grew its holdings in World Acceptance by 3.1% during the second quarter. Aperio Group LLC now owns 7,709 shares of the credit services provider’s stock valued at $577,000 after purchasing an additional 233 shares during the period. Texas Permanent School Fund grew its holdings in World Acceptance by 0.8% during the second quarter. Texas Permanent School Fund now owns 4,364 shares of the credit services provider’s stock valued at $327,000 after purchasing an additional 36 shares during the period. Finally, Arizona State Retirement System bought a new position in shares of World Acceptance in the second quarter worth about $233,000. 92.10% of the stock is owned by institutional investors and hedge funds.
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World Acceptance 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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