BidaskClub Upgrades World Acceptance Corporation (WRLD) to “Hold”
World Acceptance Corporation (NASDAQ:WRLD) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
WRLD has been the topic of several other research reports. Jefferies Group LLC restated a “sell” rating and set a $40.00 price objective on shares of World Acceptance Corporation in a report on Monday, May 8th. BMO Capital Markets reissued a “sell” rating and issued a $40.00 target price on shares of World Acceptance Corporation in a research note on Tuesday, April 11th. ValuEngine raised shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. TheStreet raised shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of World Acceptance Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Saturday, May 13th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.50.
World Acceptance Corporation (NASDAQ:WRLD) traded down 1.77% during trading on Wednesday, reaching $79.00. The company had a trading volume of 26,812 shares. The stock has a market cap of $685.01 million, a P/E ratio of 9.43 and a beta of 2.34. World Acceptance Corporation has a 12-month low of $42.01 and a 12-month high of $88.26. The firm has a 50-day moving average price of $75.86 and a 200 day moving average price of $63.67.
World Acceptance Corporation (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $125.74 million. During the same quarter in the previous year, the firm posted $1.89 EPS. Equities research analysts predict that World Acceptance Corporation will post $7.48 EPS for the current fiscal year.
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In related news, SVP Jackie C. Willyard sold 1,380 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $82.83, for a total value of $114,305.40. Following the sale, the senior vice president now owns 4,360 shares of the company’s stock, valued at $361,138.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tara Elizabeth Bullock sold 390 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $80.08, for a total transaction of $31,231.20. Following the completion of the sale, the senior vice president now directly owns 7,932 shares in the company, valued at approximately $635,194.56. The disclosure for this sale can be found here. In the last three months, insiders sold 3,570 shares of company stock worth $291,337. 27.30% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of WRLD. O Shaughnessy Asset Management LLC boosted its stake in World Acceptance Corporation by 33.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,120 shares of the credit services provider’s stock worth $369,000 after buying an additional 1,780 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in World Acceptance Corporation during the fourth quarter worth $473,000. 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. Lucus Advisors LLC acquired a new stake in World Acceptance Corporation during the first quarter worth $411,000. Finally, Highbridge Capital Management LLC boosted its stake in World Acceptance Corporation by 121.6% in the first quarter. Highbridge Capital Management LLC now owns 7,930 shares of the credit services provider’s stock worth $410,000 after buying an additional 4,351 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.
About World Acceptance Corporation
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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