World Acceptance Corporation (NASDAQ:WRLD) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “

Other analysts also recently issued reports about the company. TheStreet raised World Acceptance Corporation from a “c” rating to a “b-” rating in a report on Tuesday, May 9th. Jefferies Group LLC reissued a “sell” rating and issued a $40.00 target price on shares of World Acceptance Corporation in a report on Monday, May 8th. BMO Capital Markets reissued a “sell” rating and issued a $40.00 target price on shares of World Acceptance Corporation in a report on Tuesday, April 11th. Finally, ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.50.

World Acceptance Corporation (WRLD) opened at 78.505 on Thursday. World Acceptance Corporation has a 52 week low of $42.01 and a 52 week high of $88.26. The stock has a 50 day moving average price of $78.22 and a 200 day moving average price of $61.42. The stock has a market capitalization of $680.72 million, a PE ratio of 9.368 and a beta of 2.34.

World Acceptance Corporation (NASDAQ:WRLD) last posted its earnings results on Tuesday, May 9th. The credit services provider reported $3.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.79 by $0.85. World Acceptance Corporation had a return on equity of 17.26% and a net margin of 13.84%. The business had revenue of $144.60 million during the quarter, compared to the consensus estimate of $131.88 million. During the same period in the previous year, the business earned $3.42 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that World Acceptance Corporation will post $8.16 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Downgrades World Acceptance Corporation (WRLD) to Hold” was published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/zacks-investment-research-downgrades-world-acceptance-corporation-wrld-to-hold/1445004.html.

In other news, SVP Jackie C. Willyard sold 1,380 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $82.83, for a total value of $114,305.40. Following the completion of the sale, the senior vice president now directly owns 4,360 shares of the company’s stock, valued at approximately $361,138.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara Elizabeth Bullock sold 390 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $80.08, for a total value of $31,231.20. Following the completion of the sale, the senior vice president now directly owns 7,932 shares of the company’s stock, valued at $635,194.56. The disclosure for this sale can be found here. Insiders sold a total of 3,570 shares of company stock valued at $291,337 over the last three months. Company insiders own 28.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in World Acceptance Corporation by 41.3% in the fourth quarter. Renaissance Technologies LLC now owns 66,400 shares of the credit services provider’s stock valued at $4,268,000 after buying an additional 19,400 shares in the last quarter. Comerica Bank increased its stake in World Acceptance Corporation by 5.5% in the fourth quarter. Comerica Bank now owns 6,362 shares of the credit services provider’s stock valued at $378,000 after buying an additional 332 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in World Acceptance Corporation by 33.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,120 shares of the credit services provider’s stock valued at $369,000 after buying an additional 1,780 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in World Acceptance Corporation during the fourth quarter valued at approximately $473,000. Finally, AQR Capital Management LLC increased its stake in World Acceptance Corporation by 11.1% in the fourth quarter. AQR Capital Management LLC now owns 39,560 shares of the credit services provider’s stock valued at $2,543,000 after buying an additional 3,963 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

About World Acceptance Corporation

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

Get a free copy of the Zacks research report on World Acceptance Corporation (WRLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for World Acceptance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.