World Acceptance (NASDAQ:WRLD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of World Acceptance (NASDAQ:WRLDFree Report) from a buy rating to a strong-buy rating in a report released on Friday.

World Acceptance Price Performance

Shares of NASDAQ WRLD opened at $133.02 on Friday. The company’s fifty day moving average is $126.02 and its two-hundred day moving average is $124.59. The company has a debt-to-equity ratio of 1.31, a quick ratio of 22.46 and a current ratio of 22.46. The firm has a market capitalization of $764.47 million, a P/E ratio of 9.29 and a beta of 1.35. World Acceptance has a one year low of $101.85 and a one year high of $161.63.

World Acceptance (NASDAQ:WRLDGet Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.42 by $1.71. The company had revenue of $165.27 million during the quarter, compared to analysts’ expectations of $154.52 million. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. Analysts forecast that World Acceptance will post 14 EPS for the current fiscal year.

Insider Transactions at World Acceptance

In other World Acceptance news, SVP Scott Mcintyre sold 2,000 shares of World Acceptance stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $150.22, for a total transaction of $300,440.00. Following the completion of the transaction, the senior vice president now owns 7,183 shares in the company, valued at approximately $1,079,030.26. The trade was a 21.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason E. Childers sold 500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $143.58, for a total value of $71,790.00. Following the sale, the senior vice president now owns 8,039 shares in the company, valued at approximately $1,154,239.62. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,988 shares of company stock valued at $445,523 in the last 90 days. 43.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On World Acceptance

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. acquired a new position in shares of World Acceptance during the first quarter worth about $368,000. Principal Financial Group Inc. boosted its holdings in World Acceptance by 2.4% in the first quarter. Principal Financial Group Inc. now owns 16,162 shares of the credit services provider’s stock valued at $2,045,000 after purchasing an additional 386 shares during the last quarter. GAMMA Investing LLC grew its stake in World Acceptance by 570.9% during the 1st quarter. GAMMA Investing LLC now owns 369 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 314 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in World Acceptance by 6.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 4,743 shares of the credit services provider’s stock worth $600,000 after purchasing an additional 273 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of World Acceptance by 72.1% during the 1st quarter. Versant Capital Management Inc now owns 265 shares of the credit services provider’s stock valued at $34,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

About World Acceptance

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World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.

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