Shares of World Acceptance Corp. (NASDAQ:WRLD) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $62.33.

Several research analysts recently weighed in on WRLD shares. BidaskClub cut World Acceptance from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. 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 set a $60.00 target price on shares of World Acceptance in a research note on Thursday, October 12th. Finally, Stephens reaffirmed a “sell” rating and set a $65.00 target price on shares of World Acceptance in a report on Thursday, January 4th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of World Acceptance during the second quarter valued at $117,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of World Acceptance by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after purchasing an additional 830 shares during the last quarter. Barings LLC purchased a new stake in shares of World Acceptance during the third quarter valued at $207,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of World Acceptance during the second quarter valued at $211,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of World Acceptance during the third quarter valued at $221,000. 91.88% of the stock is owned by institutional investors and hedge funds.

World Acceptance (NASDAQ:WRLD) opened at $83.99 on Tuesday. World Acceptance has a 52 week low of $42.01 and a 52 week high of $88.54. The firm has a market capitalization of $743.86, a PE ratio of 11.47 and a beta of 2.40. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65.

World Acceptance (NASDAQ:WRLD) last announced its 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 net margin of 12.02% and a return on equity of 13.90%. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.20 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. equities analysts forecast that World Acceptance will post 7.07 EPS for the current fiscal year.

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About World Acceptance

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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