World Acceptance (NASDAQ:WRLD) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, World Acceptance presently has a consensus rating of “Hold”.

World Acceptance Price Performance

NASDAQ:WRLD opened at $179.81 on Friday. The firm has a market capitalization of $837.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.14. World Acceptance has a twelve month low of $110.00 and a twelve month high of $227.68. The stock’s 50 day moving average price is $186.20 and its two-hundred day moving average price is $155.40. The company has a quick ratio of 22.99, a current ratio of 13.49 and a debt-to-equity ratio of 1.29.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, July 24th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $1.54. The company 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 Buying and Selling at World Acceptance

In other World Acceptance news, Director Charles D. Way sold 833 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total value of $187,425.00. Following the transaction, the director directly owned 12,729 shares of the company’s stock, valued at $2,864,025. This represents a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $181.00, for a total value of $110,229.00. Following the sale, the senior vice president owned 14,682 shares of the company’s stock, valued at approximately $2,657,442. This represents a 3.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,396 shares of company stock worth $1,493,090 in the last ninety days. Insiders own 38.00% of the company’s stock.

Institutional Investors Weigh In On World Acceptance

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in World Acceptance by 15.4% in the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock worth $123,000 after purchasing an additional 73 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 10,140 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 129 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of World Acceptance by 4.9% during the first quarter. Renaissance Technologies LLC now owns 48,800 shares of the credit services provider’s stock worth $6,590,000 after purchasing an additional 2,300 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of World Acceptance by 3,071.7% during the first quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the credit services provider’s stock worth $651,000 after purchasing an additional 4,669 shares during the period. Institutional investors own 83.63% of the company’s stock.

World Acceptance Company Profile

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.