World Acceptance (NASDAQ:WRLD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts also recently issued reports on WRLD. Jefferies Group reaffirmed a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Zacks Investment Research raised World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $59.00.

Shares of World Acceptance (NASDAQ WRLD) opened at $79.73 on Friday. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $706.14, a price-to-earnings ratio of 10.89 and a beta of 2.40. World Acceptance has a twelve month low of $42.01 and a twelve month high of $88.26.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.83). The business had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. equities analysts forecast that World Acceptance will post 7.24 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in shares of World Acceptance in the 2nd quarter valued at $117,000. Bank of Montreal Can increased its position in shares of World Acceptance by 110.3% in the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after acquiring an additional 963 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of World Acceptance by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after acquiring an additional 830 shares during the period. Barings LLC acquired a new position in shares of World Acceptance in the 3rd quarter valued at $207,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of World Acceptance in the 2nd quarter valued at $211,000. 92.10% of the stock is currently owned by hedge funds and other institutional investors.

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World Acceptance 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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