World Acceptance (NASDAQ:WRLD) Stock Price Up 13.4%

World Acceptance Corp. (NASDAQ:WRLD)’s share price rose 13.4% on Monday . The company traded as high as $50.64 and last traded at $50.29, approximately 115,318 shares changed hands during mid-day trading. An increase of 29% from the average daily volume of 89,697 shares. The stock had previously closed at $44.35.

WRLD has been the subject of a number of research reports. Zacks Investment Research raised shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. ValuEngine downgraded shares of World Acceptance from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub downgraded shares of World Acceptance from a “sell” rating to a “strong sell” rating in a report on Saturday, March 14th. Finally, Janney Montgomery Scott raised shares of World Acceptance from a “sell” rating to a “neutral” rating and set a $87.00 price target for the company in a report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. World Acceptance has a consensus rating of “Sell” and an average price target of $102.67.

The business’s fifty day moving average price is $69.00 and its 200 day moving average price is $93.18. The company has a market capitalization of $351.80 million, a P/E ratio of 10.22 and a beta of 2.17. The company has a current ratio of 20.84, a quick ratio of 20.84 and a debt-to-equity ratio of 1.80.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($1.26). The business had revenue of $147.10 million for the quarter, compared to the consensus estimate of $152.64 million. World Acceptance had a return on equity of 11.21% and a net margin of 7.69%. World Acceptance’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Equities research analysts anticipate that World Acceptance Corp. will post 5.73 EPS for the current year.

Several large investors have recently added to or reduced their stakes in WRLD. CAS Investment Partners LLC lifted its holdings in shares of World Acceptance by 26.0% during the 4th quarter. CAS Investment Partners LLC now owns 597,986 shares of the credit services provider’s stock worth $51,666,000 after acquiring an additional 123,576 shares during the period. Berylson Capital Partners LLC bought a new position in shares of World Acceptance during the 4th quarter worth about $5,028,000. Goldman Sachs Group Inc. lifted its holdings in World Acceptance by 93.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 48,257 shares of the credit services provider’s stock valued at $4,169,000 after purchasing an additional 23,288 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in World Acceptance by 140.1% during the 4th quarter. Public Sector Pension Investment Board now owns 38,901 shares of the credit services provider’s stock valued at $3,361,000 after purchasing an additional 22,700 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in World Acceptance by 26.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 81,522 shares of the credit services provider’s stock valued at $7,101,000 after purchasing an additional 16,880 shares during the last quarter. 94.53% of the stock is owned by institutional investors.

World Acceptance Company Profile (NASDAQ:WRLD)

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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