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.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by ($0.83). World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The business had revenue of $131.00 million during the quarter, compared to analysts’ expectations of $130.20 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts expect that World Acceptance will post 7.24 EPS for the current fiscal year.

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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