Finance

World Acceptance (NASDAQ:WRLD) PT minus $105.00

World Approval (NASDAQ:WRLD – GET RATINGS) Stephens lowered his price target from $159.00 to $105.00 in a research report published Thursday, reports MarketBeat Ratings. They currently have a low weight on the stock of the credit service provider.

Several other brokerages have also recently released reports on WRLD. The Street downgraded World Acceptance from a B-rating to a C+ rating in a research report on Thursday, May 12th. StockNews.com upgraded World Acceptance from a hold rating to a buy rating in a research report on Monday, May 2.

World Acceptance Stock Up 0.2%

WRLD opened on Thursday at $110.78. The 50-day moving average of the business is $121.00 and its two-hundred-day moving average is $165.95. The company has a debt-to-equity ratio of 1.86, a quick ratio of 15.36 and a current ratio of 15.36. The company has a market cap of $695.81 million, with a price-to-earnings ratio of 13.05 and a beta of 1.56. World Acceptance has a one-year low of $98.96 and a one-year high of $265.75.

World Acceptance (NASDAQ:WRLD – GET RATINGS) last released its quarterly earnings figures on Wednesday, July 27. The credit service provider reported earnings per share (EPS) for the quarter ($1.53), missing the consensus estimate of $0.85 ($2.38). World Acceptance had a net margin of 9.26% and a return on equity of 13.42%. During the same period last year, the company earned $2.44 per share. Analysts expect the world acceptance to post 5.23 EPS for the current fiscal.

Institutional investors weigh in on world acceptance

Several institutional investors and hedge funds have recently increased or decreased their stake in the company. Principal Financial Group Inc. increased its stake in World Acceptance’s shares by 16.4% in the fourth quarter. After purchasing an additional 4,731 shares last quarter, Principal Financial Group Inc. now owns 33,548 shares of the credit services provider’s stock, valued at $8,234,000. Everence Capital Management Inc. acquired a new stake in World Acceptance’s shares in the first quarter, valued at approximately $234,000. ProShares Advisors LLC acquired a new stake in World Acceptance shares in the fourth quarter, valued at approximately $264,000. Bank of America Corp. DE added 2.0% to World Acceptance’s shares in the fourth quarter. After purchasing an additional 176 shares in the previous quarter, Bank of America Corp DE now holds 8,825 shares of the credit service provider’s stock worth $2,165,000. Finally, the public sector Pension Investment Board increased its stake in world acceptance to 0.8% in the fourth quarter. The public sector Pension Investment Board now holds 8,591 shares of the credit service provider’s stock worth $2,108,000 after purchasing an additional 70 shares during the previous quarter. 85.05% of the stock is currently owned by institutional investors and hedge funds.

World Approval Company Profile

(get rating)

World Acceptance Corporation, along with its subsidiaries, engages in the small-credit consumer finance business. The company provides short term small installment loans, medium term large installment loans, related credit insurance and ancillary products and services to individuals. It also offers Automobile Club membership to its borrowers; and income tax return preparation and electronic filing services.

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