World Acceptance (NASDAQ:WRLD) Stock Rating Upgraded by Wall Street Zen

World Acceptance (NASDAQ:WRLDGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, World Acceptance has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on World Acceptance

World Acceptance Price Performance

WRLD stock opened at $204.67 on Friday. The firm has a market cap of $953.76 million, a PE ratio of 24.19 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 22.99 and a current ratio of 13.49. The firm’s 50 day moving average price is $183.29 and its 200-day moving average price is $154.04. World Acceptance has a one year low of $110.00 and a one year high of $227.68.

World Acceptance (NASDAQ:WRLDGet Free Report) last released its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $1.54. The firm had revenue of $139.21 million for the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Insider Activity at World Acceptance

In other news, Director Charles D. Way sold 833 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total value of $187,425.00. Following the sale, the director directly owned 12,729 shares of the company’s stock, valued at approximately $2,864,025. The trade was a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Alice Lindsay Caulder sold 609 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $181.00, for a total transaction of $110,229.00. Following the completion of the sale, the senior vice president directly owned 14,682 shares in the company, valued at $2,657,442. This trade represents a 3.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,576 shares of company stock valued at $1,149,890 in the last ninety days. Insiders own 38.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of World Acceptance by 15.4% in the second quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock valued at $123,000 after buying an additional 73 shares in the last quarter. Bank of America Corp DE lifted its stake in World Acceptance by 97.5% during the 1st quarter. Bank of America Corp DE now owns 20,545 shares of the credit services provider’s stock worth $2,774,000 after acquiring an additional 10,140 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in World Acceptance by 102.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 129 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in World Acceptance by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock valued at $6,590,000 after acquiring an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in World Acceptance by 3,071.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock valued at $651,000 after acquiring an additional 4,669 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting World Acceptance

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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