World Acceptance (NASDAQ:WRLD) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of World Acceptance (NASDAQ:WRLDFree Report) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, World Acceptance presently has an average rating of “Hold”.

Check Out Our Latest Analysis on World Acceptance

World Acceptance Trading Up 13.0%

NASDAQ:WRLD opened at $204.67 on Friday. World Acceptance has a 12 month low of $110.00 and a 12 month high of $227.68. The company has a current ratio of 22.99, a quick ratio of 22.99 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $953.76 million, a price-to-earnings ratio of 24.19 and a beta of 1.13. The firm has a fifty day simple moving average of $183.29 and a two-hundred day simple moving average of $153.98.

World Acceptance (NASDAQ:WRLDGet Free Report) last announced its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. World Acceptance had a net margin of 5.98% and a return on equity of 9.36%. The firm had revenue of $139.21 million for the quarter, compared to analyst estimates of $143.90 million.

Insider Buying and Selling

In other World Acceptance news, SVP Alice Lindsay Caulder sold 609 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 of the company’s stock, valued at approximately $2,657,442. The trade was a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luke J. Umstetter sold 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $181.66, for a total value of $181,660.00. Following the completion of the sale, the insider directly owned 28,245 shares of the company’s stock, valued at approximately $5,130,986.70. This trade represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,576 shares of company stock worth $1,149,890 over the last 90 days. Company insiders own 41.60% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smith Thomas W purchased a new stake in shares of World Acceptance during the 4th quarter worth approximately $10,894,000. Millennium Management LLC lifted its stake in World Acceptance by 680.5% in the fourth quarter. Millennium Management LLC now owns 67,649 shares of the credit services provider’s stock valued at $9,497,000 after purchasing an additional 58,982 shares during the last quarter. Jane Street Group LLC lifted its stake in World Acceptance by 86.3% in the fourth quarter. Jane Street Group LLC now owns 44,301 shares of the credit services provider’s stock valued at $6,219,000 after purchasing an additional 20,520 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in World Acceptance by 33.1% during the second quarter. Bridgeway Capital Management LLC now owns 57,928 shares of the credit services provider’s stock valued at $9,565,000 after purchasing an additional 14,406 shares during the period. Finally, AQR Capital Management LLC grew its holdings in World Acceptance by 51.1% during the second quarter. AQR Capital Management LLC now owns 41,380 shares of the credit services provider’s stock valued at $6,833,000 after purchasing an additional 13,999 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

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World Acceptance Company Profile

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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.

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