World Acceptance (WRLD) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a hold rating in a research report report published on Monday, February 4th.

WRLD has been the topic of a number of other reports. Zacks Investment Research raised shares of World Acceptance from a sell rating to a hold rating in a research report on Saturday, January 12th. BidaskClub downgraded shares of World Acceptance from a hold rating to a sell rating in a research report on Tuesday, October 9th. Finally, BMO Capital Markets decreased their target price on shares of World Acceptance to $66.00 and set an underperform rating for the company in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $94.00.

Shares of NASDAQ WRLD traded up $0.50 during midday trading on Monday, reaching $123.50. The company’s stock had a trading volume of 70,422 shares, compared to its average volume of 80,382. World Acceptance has a one year low of $89.78 and a one year high of $125.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 18.51 and a quick ratio of 18.52. The company has a market capitalization of $1.19 billion, a P/E ratio of 16.02 and a beta of 2.44.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, January 31st. The credit services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.58). World Acceptance had a net margin of 5.27% and a return on equity of 12.73%. The firm had revenue of $137.64 million for the quarter, compared to analyst estimates of $130.16 million. On average, analysts anticipate that World Acceptance will post 7.4 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in World Acceptance in the fourth quarter worth approximately $102,000. Neuburgh Advisers LLC grew its position in World Acceptance by 24.3% in the fourth quarter. Neuburgh Advisers LLC now owns 1,012 shares of the credit services provider’s stock worth $103,000 after acquiring an additional 198 shares in the last quarter. Riverhead Capital Management LLC grew its position in World Acceptance by 160.0% in the third quarter. Riverhead Capital Management LLC now owns 1,300 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 800 shares in the last quarter. Flinton Capital Management LLC grew its position in World Acceptance by 24.3% in the fourth quarter. Flinton Capital Management LLC now owns 1,564 shares of the credit services provider’s stock worth $160,000 after acquiring an additional 306 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in World Acceptance in the third quarter worth approximately $176,000. 86.55% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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