World Acceptance (NASDAQ:WRLD) Stock Rating Upgraded by StockNews.com

World Acceptance (NASDAQ:WRLD) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

World Acceptance Trading Down 0.3 %

Shares of World Acceptance stock opened at $126.08 on Tuesday. The company has a current ratio of 15.98, a quick ratio of 15.98 and a debt-to-equity ratio of 1.17. World Acceptance has a 12-month low of $94.57 and a 12-month high of $160.07. The firm has a market capitalization of $736.31 million, a price-to-earnings ratio of 9.51 and a beta of 1.38. The firm’s 50 day simple moving average is $129.20 and its two-hundred day simple moving average is $131.54.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $6.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.74. World Acceptance had a net margin of 13.49% and a return on equity of 18.88%. The business had revenue of $159.27 million for the quarter, compared to analyst estimates of $149.00 million. Analysts predict that World Acceptance will post 13.69 EPS for the current year.

Institutional Trading of World Acceptance

A number of hedge funds and other institutional investors have recently made changes to their positions in WRLD. Quadrature Capital Ltd lifted its holdings in World Acceptance by 277.9% during the fourth quarter. Quadrature Capital Ltd now owns 12,594 shares of the credit services provider’s stock valued at $1,647,000 after purchasing an additional 9,261 shares in the last quarter. SG Americas Securities LLC raised its stake in World Acceptance by 80.9% during the fourth quarter. SG Americas Securities LLC now owns 3,988 shares of the credit services provider’s stock worth $521,000 after purchasing an additional 1,783 shares during the period. BNP Paribas Financial Markets raised its stake in World Acceptance by 110.6% during the fourth quarter. BNP Paribas Financial Markets now owns 6,845 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 3,595 shares during the period. Invesco Ltd. raised its stake in World Acceptance by 55.3% during the third quarter. Invesco Ltd. now owns 58,368 shares of the credit services provider’s stock worth $7,416,000 after purchasing an additional 20,787 shares during the period. Finally, New York State Teachers Retirement System raised its stake in World Acceptance by 1.9% during the first quarter. New York State Teachers Retirement System now owns 7,361 shares of the credit services provider’s stock worth $1,067,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides income tax return preparation and filing services; and automobile club memberships.