World Acceptance (WRLD) Stock Rating Lowered by BidaskClub

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World Acceptance (NASDAQ:WRLD) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms also recently weighed in on WRLD. Zacks Investment Research downgraded World Acceptance from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. ValuEngine upgraded World Acceptance from a “hold” rating to a “buy” rating in a report on Sunday, February 10th. Finally, BMO Capital Markets reduced their target price on World Acceptance to $66.00 and set an “underperform” rating on the stock in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $94.00.

WRLD traded down $4.00 during midday trading on Thursday, reaching $112.76. 60,400 shares of the company’s stock traded hands, compared to its average volume of 80,382. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.63 and a beta of 2.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 18.51 and a quick ratio of 18.52. World Acceptance has a 52 week low of $89.78 and a 52 week high of $125.14.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, January 31st. The credit services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.58). The business had revenue of $137.64 million for the quarter, compared to the consensus estimate of $130.16 million. World Acceptance had a net margin of 5.27% and a return on equity of 12.73%. As a group, sell-side analysts expect that World Acceptance will post 7.4 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new position in shares of World Acceptance during the 4th quarter worth approximately $102,000. Neuburgh Advisers LLC grew its holdings in shares of World Acceptance by 24.3% during the 4th quarter. Neuburgh Advisers LLC now owns 1,012 shares of the credit services provider’s stock worth $103,000 after acquiring an additional 198 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of World Acceptance by 160.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 1,300 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 800 shares during the period. Flinton Capital Management LLC grew its holdings in shares of World Acceptance by 24.3% during the 4th quarter. Flinton Capital Management LLC now owns 1,564 shares of the credit services provider’s stock worth $160,000 after acquiring an additional 306 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of World Acceptance in the 3rd quarter worth approximately $176,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.

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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