World Acceptance (NASDAQ:WRLD) Upgraded to Strong-Buy at StockNews.com

World Acceptance (NASDAQ:WRLD - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

World Acceptance Stock Up 2.7%

NASDAQ:WRLD opened at $152.21 on Friday. The firm has a market capitalization of $874.75 million, a price-to-earnings ratio of 10.63 and a beta of 1.29. World Acceptance has a twelve month low of $101.85 and a twelve month high of $161.63. The stock's 50 day moving average price is $128.91 and its two-hundred day moving average price is $126.27. The company has a quick ratio of 22.46, a current ratio of 22.46 and a debt-to-equity ratio of 1.31.

World Acceptance (NASDAQ:WRLD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $8.13 earnings per share for the quarter, topping the consensus estimate of $6.42 by $1.71. The firm had revenue of $165.27 million for the quarter, compared to analyst estimates of $154.52 million. World Acceptance had a return on equity of 19.03% and a net margin of 14.41%. Equities research analysts expect that World Acceptance will post 14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WRLD. GAMMA Investing LLC increased its position in shares of World Acceptance by 84,803.6% during the 1st quarter. GAMMA Investing LLC now owns 46,697 shares of the credit services provider's stock worth $5,910,000 after purchasing an additional 46,642 shares during the last quarter. Norges Bank acquired a new position in shares of World Acceptance during the 4th quarter worth approximately $1,878,000. Voleon Capital Management LP acquired a new position in shares of World Acceptance during the 4th quarter worth approximately $1,728,000. Proficio Capital Partners LLC acquired a new position in shares of World Acceptance during the 4th quarter worth approximately $1,504,000. Finally, Nuveen LLC acquired a new position in shares of World Acceptance during the 1st quarter worth approximately $1,356,000. Institutional investors and hedge funds own 83.63% of the company's stock.

World Acceptance Company Profile

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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