World Acceptance (WRLD) Downgraded by BidaskClub to Sell

World Acceptance (NASDAQ:WRLD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the company. TheStreet raised World Acceptance from a “c” rating to a “b-” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised World Acceptance from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, November 6th. Finally, BMO Capital Markets increased their price objective on World Acceptance from $79.00 to $82.00 and gave the company an “underperform” rating in a research report on Monday, November 5th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $89.67.

World Acceptance stock opened at $101.38 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 17.26 and a current ratio of 17.26. World Acceptance has a one year low of $75.02 and a one year high of $125.14. The firm has a market cap of $990.98 million, a P/E ratio of 13.15 and a beta of 2.82.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, November 1st. The credit services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. World Acceptance had a return on equity of 14.37% and a net margin of 4.43%. The company had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $123.30 million. During the same period last year, the firm posted $1.10 earnings per share. World Acceptance’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that World Acceptance will post 8.16 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in WRLD. Riverhead Capital Management LLC boosted its position in World Acceptance by 160.0% in the third quarter. Riverhead Capital Management LLC now owns 1,300 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 800 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in World Acceptance in the second quarter worth about $158,000. BlueMountain Capital Management LLC purchased a new position in World Acceptance in the third quarter worth about $176,000. Metropolitan Life Insurance Co. NY boosted its position in World Acceptance by 27.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock worth $265,000 after purchasing an additional 510 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in World Acceptance by 26.4% in the third quarter. WINTON GROUP Ltd now owns 2,850 shares of the credit services provider’s stock worth $326,000 after purchasing an additional 596 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About World Acceptance

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as 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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