World Acceptance Corporation (NASDAQ:WRLD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
A number of other brokerages have also recently weighed in on WRLD. TheStreet upgraded shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a report on Tuesday, May 9th. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub cut shares of World Acceptance Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets restated a “sell” rating and issued a $62.00 price objective on shares of World Acceptance Corporation in a report on Friday, June 16th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $40.00 price objective on shares of World Acceptance Corporation in a report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. World Acceptance Corporation presently has a consensus rating of “Hold” and a consensus target price of $61.50.
Shares of World Acceptance Corporation (NASDAQ:WRLD) traded down 2.69% on Tuesday, reaching $76.56. The company had a trading volume of 91,449 shares. The company has a market capitalization of $675.72 million, a PE ratio of 9.61 and a beta of 2.34. The company’s 50-day moving average is $76.36 and its 200-day moving average is $64.16. World Acceptance Corporation has a one year low of $42.01 and a one year high of $88.26.
World Acceptance Corporation (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. The company had revenue of $128.90 million during the quarter, compared to the consensus estimate of $125.74 million. During the same period in the previous year, the company earned $1.89 earnings per share. Equities research analysts predict that World Acceptance Corporation will post $7.48 earnings per share for the current year.
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In other World Acceptance Corporation news, EVP Daniel Clinton Dyer sold 1,800 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $81.00, for a total value of $145,800.00. Following the sale, the executive vice president now owns 21,924 shares in the company, valued at $1,775,844. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jackie C. Willyard sold 1,380 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $82.83, for a total transaction of $114,305.40. Following the completion of the sale, the senior vice president now owns 4,360 shares in the company, valued at approximately $361,138.80. The disclosure for this sale can be found here. 27.30% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of WRLD. Seizert Capital Partners LLC purchased a new stake in World Acceptance Corporation during the first quarter worth approximately $250,000. Hancock Holding Co. boosted its stake in World Acceptance Corporation by 26.5% in the first quarter. Hancock Holding Co. now owns 23,478 shares of the credit services provider’s stock worth $1,216,000 after buying an additional 4,922 shares during the last quarter. Oxford Asset Management boosted its stake in World Acceptance Corporation by 2.5% in the first quarter. Oxford Asset Management now owns 61,615 shares of the credit services provider’s stock worth $3,190,000 after buying an additional 1,520 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in World Acceptance Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 5,614 shares of the credit services provider’s stock worth $291,000 after buying an additional 847 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in World Acceptance Corporation by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 45,905 shares of the credit services provider’s stock worth $2,377,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.
World Acceptance Corporation 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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