World Acceptance (NASDAQ:WRLD) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research cut shares of World Acceptance (NASDAQ:WRLD) from a hold rating to a strong sell rating in a report published on Saturday, Zacks.com reports.

According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “

Other analysts also recently issued research reports about the stock. Janney Montgomery Scott reiterated a sell rating and issued a $87.00 price objective (down previously from $108.00) on shares of World Acceptance in a report on Thursday, July 25th. BMO Capital Markets cut their price objective on shares of World Acceptance to $65.00 and set an underperform rating for the company in a report on Friday, July 26th. BidaskClub downgraded shares of World Acceptance from a strong-buy rating to a buy rating in a report on Tuesday, July 23rd. Finally, ValuEngine upgraded shares of World Acceptance from a hold rating to a buy rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $102.67.

Shares of World Acceptance stock opened at $135.12 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 16.83 and a beta of 2.42. World Acceptance has a twelve month low of $89.78 and a twelve month high of $175.78. The firm’s 50-day moving average price is $147.28 and its 200 day moving average price is $133.00. The company has a current ratio of 17.63, a quick ratio of 17.63 and a debt-to-equity ratio of 0.81.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, July 25th. The credit services provider reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $2.05 by ($1.08). The business had revenue of $138.40 million during the quarter, compared to analyst estimates of $134.64 million. World Acceptance had a net margin of 12.02% and a return on equity of 11.94%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.69 EPS. On average, sell-side analysts predict that World Acceptance will post 6.78 EPS for the current fiscal year.

In other World Acceptance news, SVP Alice Lindsay Caulder sold 501 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $174.67, for a total value of $87,509.67. Following the completion of the sale, the senior vice president now owns 22,301 shares in the company, valued at approximately $3,895,315.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason E. Childers sold 1,281 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $135.00, for a total transaction of $172,935.00. Following the completion of the sale, the senior vice president now owns 22,329 shares of the company’s stock, valued at approximately $3,014,415. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,060 shares of company stock valued at $427,131. 30.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of World Acceptance by 105.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock worth $45,000 after buying an additional 198 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of World Acceptance by 13.1% during the 1st quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after buying an additional 111 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of World Acceptance during the 2nd quarter worth approximately $151,000. SG Americas Securities LLC acquired a new stake in shares of World Acceptance during the 2nd quarter worth approximately $247,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of World Acceptance during the 2nd quarter worth approximately $263,000. Institutional investors and hedge funds own 89.50% of the company’s stock.

World Acceptance Company Profile

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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