World Acceptance (WRLD) Rating Increased to Buy at BidaskClub
World Acceptance (NASDAQ:WRLD) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
WRLD has been the topic of a number of other research reports. Zacks Investment Research downgraded World Acceptance from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. BMO Capital Markets restated a “sell” rating and issued a $79.00 target price on shares of World Acceptance in a research note on Friday, July 27th. TheStreet upgraded World Acceptance from a “c” rating to a “b-” rating in a research note on Thursday, May 10th. Finally, ValuEngine downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.25.
Shares of NASDAQ WRLD opened at $117.72 on Friday. The company has a current ratio of 14.95, a quick ratio of 14.95 and a debt-to-equity ratio of 0.46. World Acceptance has a one year low of $71.02 and a one year high of $125.14. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.27 and a beta of 2.75.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of World Acceptance by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 7,812 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 1,174 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of World Acceptance by 77.0% during the 4th quarter. Renaissance Technologies LLC now owns 45,000 shares of the credit services provider’s stock worth $3,632,000 after purchasing an additional 19,575 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of World Acceptance during the 4th quarter worth about $184,000. Rhumbline Advisers lifted its position in shares of World Acceptance by 3.7% during the 1st quarter. Rhumbline Advisers now owns 14,793 shares of the credit services provider’s stock worth $1,558,000 after purchasing an additional 522 shares during the last quarter. Finally, Mackay Shields LLC acquired a new position in shares of World Acceptance during the 1st quarter worth about $1,776,000. Institutional investors own 92.36% 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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