World Acceptance (NASDAQ:WRLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of World Acceptance in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

World Acceptance Price Performance

WRLD opened at $193.63 on Friday. The company has a current ratio of 13.49, a quick ratio of 22.99 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $187.31 and its 200-day simple moving average is $156.08. The company has a market capitalization of $902.32 million, a price-to-earnings ratio of 22.89 and a beta of 1.14. World Acceptance has a 12-month low of $110.00 and a 12-month high of $227.68.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.54. The firm had revenue of $139.21 million during the quarter, compared to analysts’ expectations of $143.90 million. World Acceptance had a net margin of 6.71% and a return on equity of 12.13%.

Insider Buying and Selling

In other news, Director Charles D. Way sold 833 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $225.00, for a total value of $187,425.00. Following the completion of the transaction, the director directly owned 12,729 shares in the company, valued at $2,864,025. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John L. Calmes, Jr. sold 2,000 shares of World Acceptance stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $186.00, for a total value of $372,000.00. Following the sale, the insider directly owned 48,334 shares of the company’s stock, valued at $8,990,124. This trade represents a 3.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,396 shares of company stock worth $1,493,090 over the last three months. Corporate insiders own 38.00% of the company’s stock.

Institutional Trading of World Acceptance

Institutional investors and hedge funds have recently bought and sold shares of the business. iSAM Funds UK Ltd purchased a new stake in shares of World Acceptance in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in World Acceptance by 102.4% during the first quarter. EverSource Wealth Advisors LLC now owns 255 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 129 shares during the period. Russell Investments Group Ltd. lifted its position in World Acceptance by 241.2% during the third quarter. Russell Investments Group Ltd. now owns 331 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 234 shares during the period. Tower Research Capital LLC TRC boosted its holdings in World Acceptance by 103.2% in the second quarter. Tower Research Capital LLC TRC now owns 569 shares of the credit services provider’s stock valued at $94,000 after purchasing an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in World Acceptance by 15.4% during the 2nd quarter. GAMMA Investing LLC now owns 548 shares of the credit services provider’s stock worth $123,000 after purchasing an additional 73 shares during the period. 83.63% of the stock is currently owned by institutional investors and hedge funds.

World Acceptance Company Profile

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.