World Acceptance (NASDAQ:WRLD) Raised to Buy at Wall Street Zen

World Acceptance (NASDAQ:WRLDGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, World Acceptance presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on WRLD

World Acceptance Trading Up 13.0%

Shares of NASDAQ:WRLD opened at $204.67 on Friday. World Acceptance has a 1 year low of $110.00 and a 1 year high of $227.68. The firm has a market capitalization of $953.76 million, a price-to-earnings ratio of 27.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 22.99 and a quick ratio of 22.99. The business’s 50 day moving average price is $183.29 and its 200-day moving average price is $153.98.

World Acceptance (NASDAQ:WRLDGet Free Report) last issued its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $0.58 by $1.54. The company had revenue of $139.21 million during the quarter, compared to analyst estimates of $143.90 million. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%.

Insider Transactions at World Acceptance

In other World Acceptance news, Director Charles D. Way sold 833 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total value of $187,425.00. Following the transaction, the director owned 12,729 shares in the company, valued at approximately $2,864,025. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Alice Lindsay Caulder sold 609 shares of World Acceptance stock in a transaction on Monday, June 15th. The stock was sold at an average price of $181.00, for a total transaction of $110,229.00. Following the sale, the senior vice president directly owned 14,682 shares in the company, valued at approximately $2,657,442. This trade represents a 3.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,576 shares of company stock worth $1,149,890. 41.60% of the stock is owned by insiders.

Hedge Funds Weigh In On World Acceptance

Hedge funds and other institutional investors have recently modified their holdings of the business. Smith Thomas W acquired a new position in World Acceptance during the fourth quarter worth about $10,894,000. Millennium Management LLC grew its stake in World Acceptance by 680.5% during the 4th quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after acquiring an additional 58,982 shares in the last quarter. Jane Street Group LLC raised its holdings in World Acceptance by 86.3% in the 4th quarter. Jane Street Group LLC now owns 44,301 shares of the credit services provider’s stock valued at $6,219,000 after acquiring an additional 20,520 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in World Acceptance by 33.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock valued at $9,565,000 after acquiring an additional 14,406 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in World Acceptance by 51.1% in the 2nd quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock worth $6,833,000 after purchasing an additional 13,999 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

World Acceptance News Roundup

Here are the key news stories impacting World Acceptance this week:

World Acceptance Company Profile

(Get Free Report)

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.

Further Reading

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