World Acceptance Co. (NASDAQ:WRLD – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $161.63 and last traded at $150.39, with a volume of 93631 shares changing hands. The stock had previously closed at $129.35.
The credit services provider reported $2.45 EPS for the quarter, beating the consensus estimate of $1.23 by $1.22. World Acceptance had a net margin of 15.02% and a return on equity of 19.85%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Stephens started coverage on shares of World Acceptance in a report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price objective for the company.
Insiders Place Their Bets
In other news, insider Luke J. Umstetter sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the transaction, the insider now directly owns 11,370 shares in the company, valued at approximately $1,299,591. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 43.20% of the company’s stock.
Hedge Funds Weigh In On World Acceptance
Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in World Acceptance during the second quarter valued at approximately $47,000. FMR LLC grew its stake in World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in World Acceptance during the second quarter valued at approximately $140,000. HighTower Advisors LLC grew its stake in World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock valued at $211,000 after acquiring an additional 163 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in World Acceptance by 53.3% during the third quarter. Quantbot Technologies LP now owns 1,997 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.
World Acceptance Trading Up 16.3 %
The firm’s 50 day moving average is $118.46 and its 200 day moving average is $118.32. The company has a market cap of $864.74 million, a PE ratio of 10.22 and a beta of 1.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 19.53 and a quick ratio of 19.53.
World Acceptance Company Profile
World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.
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