Wall Street Zen lowered shares of World Acceptance (NASDAQ:WRLD - Free Report) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.
World Acceptance Stock Up 4.0%
NASDAQ WRLD traded up $6.26 on Tuesday, hitting $162.99. The stock had a trading volume of 34,244 shares, compared to its average volume of 29,414. The business's fifty day moving average price is $136.70 and its 200 day moving average price is $129.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 22.46 and a quick ratio of 22.46. World Acceptance has a 52-week low of $101.85 and a 52-week high of $163.38. The stock has a market cap of $864.99 million, a price-to-earnings ratio of 11.38 and a beta of 1.35.
World Acceptance (NASDAQ:WRLD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.42 by $1.71. World Acceptance had a net margin of 14.41% and a return on equity of 19.03%. The business had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. Equities research analysts anticipate that World Acceptance will post 14 earnings per share for the current year.
Insider Activity
In other news, SVP Alice Lindsay Caulder sold 1,010 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $150.00, for a total transaction of $151,500.00. Following the sale, the senior vice president now directly owns 10,315 shares of the company's stock, valued at $1,547,250. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darrell E. Whitaker sold 2,500 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $155.73, for a total transaction of $389,325.00. Following the sale, the director now directly owns 5,074 shares in the company, valued at $790,174.02. This trade represents a 33.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 43.20% of the company's stock.
Institutional Investors Weigh In On World Acceptance
A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in World Acceptance by 4.1% in the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider's stock valued at $2,964,000 after purchasing an additional 925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in World Acceptance by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider's stock valued at $259,000 after purchasing an additional 78 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in World Acceptance by 2.2% in the first quarter. Bridgeway Capital Management LLC now owns 43,522 shares of the credit services provider's stock valued at $5,508,000 after purchasing an additional 925 shares during the last quarter. PDT Partners LLC boosted its holdings in World Acceptance by 1.6% in the first quarter. PDT Partners LLC now owns 4,894 shares of the credit services provider's stock valued at $619,000 after purchasing an additional 78 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in World Acceptance in the first quarter valued at $308,000. 83.63% of the stock is owned by hedge funds and other institutional investors.
About World Acceptance
(
Get Free Report)
World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.
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