World Acceptance (NASDAQ:WRLD) Rating Increased to Equal Weight at Stephens

World Acceptance (NASDAQ:WRLD) was upgraded by Stephens from an “underweight” rating to an “equal weight” rating in a report issued on Thursday, The Fly reports.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a research report on Friday, July 9th. Jefferies Financial Group restated a “sell” rating and set a $57.00 price target on shares of World Acceptance in a report on Tuesday, April 13th.

Shares of NASDAQ:WRLD opened at $181.08 on Thursday. The firm’s fifty day moving average price is $160.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 14.24 and a current ratio of 14.24. World Acceptance has a 12-month low of $63.64 and a 12-month high of $181.18. The firm has a market cap of $1.23 billion, a P/E ratio of 13.50 and a beta of 1.59.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Tuesday, July 20th. The credit services provider reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.43. World Acceptance had a net margin of 16.80% and a return on equity of 23.20%. Analysts expect that World Acceptance will post 8.18 EPS for the current year.

In related news, Director Darrell E. Whitaker sold 1,592 shares of the stock in a transaction dated Friday, June 25th. The shares were sold at an average price of $175.00, for a total value of $278,600.00. Following the completion of the transaction, the director now owns 8,924 shares of the company’s stock, valued at $1,561,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason E. Childers sold 1,000 shares of the stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $166.04, for a total transaction of $166,040.00. Following the completion of the transaction, the senior vice president now directly owns 14,049 shares of the company’s stock, valued at approximately $2,332,695.96. The disclosure for this sale can be found here. 39.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WRLD. CAS Investment Partners LLC increased its holdings in shares of World Acceptance by 6.8% in the first quarter. CAS Investment Partners LLC now owns 755,768 shares of the credit services provider’s stock valued at $98,068,000 after purchasing an additional 48,000 shares in the last quarter. BlackRock Inc. lifted its position in World Acceptance by 7.0% in the 1st quarter. BlackRock Inc. now owns 682,323 shares of the credit services provider’s stock valued at $88,538,000 after acquiring an additional 44,926 shares in the last quarter. Morgan Stanley lifted its position in World Acceptance by 260.8% in the 4th quarter. Morgan Stanley now owns 42,811 shares of the credit services provider’s stock valued at $4,377,000 after acquiring an additional 30,946 shares in the last quarter. JPMorgan Chase & Co. lifted its position in World Acceptance by 145.6% in the 1st quarter. JPMorgan Chase & Co. now owns 29,573 shares of the credit services provider’s stock valued at $3,837,000 after acquiring an additional 17,534 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in World Acceptance in the 1st quarter valued at $1,899,000. 84.13% of the stock is owned by institutional investors.

About World Acceptance

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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