World Acceptance (NASDAQ:WRLD) Upgraded by Zacks Investment Research to Hold

World Acceptance (NASDAQ:WRLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

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. “

Shares of WRLD stock opened at $222.63 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 15.21 and a current ratio of 15.22. World Acceptance has a fifty-two week low of $108.00 and a fifty-two week high of $265.75. The company has a market capitalization of $1.49 billion, a P/E ratio of 16.38 and a beta of 1.50. The stock has a 50 day moving average price of $229.07 and a two-hundred day moving average price of $201.78.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Monday, October 25th. The credit services provider reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.60). World Acceptance had a net margin of 16.08% and a return on equity of 22.06%. The firm had revenue of $137.83 million for the quarter, compared to analysts’ expectations of $134.08 million. During the same quarter in the prior year, the business earned $1.96 EPS. As a group, equities analysts predict that World Acceptance will post 11.67 earnings per share for the current year.

In other World Acceptance news, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $240.01, for a total value of $600,025.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Chad Prashad sold 2,000 shares of the stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $255.00, for a total transaction of $510,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,953 shares of company stock worth $3,687,135. Corporate insiders own 39.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. grew its stake in shares of World Acceptance by 107.0% in the second quarter. Advisor Group Holdings Inc. now owns 534 shares of the credit services provider’s stock valued at $86,000 after acquiring an additional 276 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of World Acceptance by 28.1% during the 2nd quarter. Victory Capital Management Inc. now owns 2,352 shares of the credit services provider’s stock worth $377,000 after buying an additional 516 shares during the period. American Century Companies Inc. lifted its holdings in shares of World Acceptance by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 5,689 shares of the credit services provider’s stock worth $912,000 after purchasing an additional 1,065 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of World Acceptance by 24.9% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,462 shares of the credit services provider’s stock worth $395,000 after purchasing an additional 491 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in World Acceptance by 58.5% during the 2nd quarter. Citigroup Inc. now owns 4,753 shares of the credit services provider’s stock valued at $762,000 after acquiring an additional 1,755 shares in the last quarter. 83.60% of the stock is currently owned by hedge funds and other institutional investors.

About World Acceptance

World Acceptance Corp. engages in the small-loan consumer finance business. It offers short-term small instalment, medium-term larger loans, related credit insurance, ancillary products and services to individuals. The firm also offers income tax return preparation services to customers. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.

Featured Article: What is the return on assets formula?

Get a free copy of the Zacks research report on World Acceptance (WRLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.