World Acceptance (NASDAQ:WRLD) Hits New 12-Month Low at $96.44

World Acceptance Co. (NASDAQ:WRLDGet Rating) reached a new 52-week low during trading on Friday . The stock traded as low as $96.44 and last traded at $96.46, with a volume of 630 shares traded. The stock had previously closed at $100.24.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WRLD. BMO Capital Markets reduced their target price on shares of World Acceptance from $57.00 to $52.00 in a research note on Friday, July 29th. Stephens dropped their price objective on World Acceptance from $159.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday, July 28th.

World Acceptance Stock Performance

The company has a market capitalization of $602.88 million, a PE ratio of 22.18 and a beta of 1.44. The firm’s 50-day simple moving average is $119.43 and its 200-day simple moving average is $144.16. The company has a current ratio of 17.67, a quick ratio of 17.67 and a debt-to-equity ratio of 2.19.

World Acceptance (NASDAQ:WRLDGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The credit services provider reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a return on equity of 11.50% and a net margin of 4.81%. During the same period in the prior year, the firm posted $2.44 earnings per share. On average, research analysts predict that World Acceptance Co. will post 4.95 earnings per share for the current year.

Institutional Trading of World Acceptance

A number of hedge funds have recently added to or reduced their stakes in WRLD. Point72 Hong Kong Ltd bought a new stake in World Acceptance during the 2nd quarter valued at $25,000. Wagner Wealth Management LLC purchased a new position in World Acceptance in the second quarter valued at about $34,000. Quantbot Technologies LP raised its holdings in World Acceptance by 5,695.0% in the second quarter. Quantbot Technologies LP now owns 1,159 shares of the credit services provider’s stock worth $130,000 after purchasing an additional 1,139 shares in the last quarter. Inspire Investing LLC lifted its position in shares of World Acceptance by 53.7% during the second quarter. Inspire Investing LLC now owns 1,898 shares of the credit services provider’s stock valued at $213,000 after buying an additional 663 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of World Acceptance in the 4th quarter worth approximately $225,000. 87.09% of the stock is owned by hedge funds and other institutional investors.

About World Acceptance

(Get Rating)

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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