Worldwide Acceptance (NASDAQ:WRLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released Saturday, Zacks.com reports.
According to Zacks, “World Acceptance Corporation is engaged in the consumer credit business for small loans, providing small short-term loans, larger medium-term loans, related credit insurance and ancillary products and services to individuals”.
NASDAQ:WRLD shares opened at $188.06 on Friday. The company has a current ratio of 20.09, a quick ratio of 15.21 and a debt ratio of 1.76. Worldwide acceptance has a 1-year minimum of $118.83 and a 1-year maximum of $265.75. The company has a fifty-day simple moving average of $220.77 and a 200-day simple moving average of $205.61. The company has a market capitalization of $1.26 billion, a price-earnings ratio of 15.07 and a beta of 1.50.
World Acceptance (NASDAQ:WRLD) last reported quarterly earnings data on Tuesday, January 25. The credit service provider reported earnings per share (EPS) of $1.14 for the quarter, missing Thomson Reuters’ consensus estimate of $1.80 per ($0.66). World Acceptance had a return on equity of 19.63% and a net margin of 14.30%. During the same period of the previous year, the company achieved EPS of $2.25. On average, sell-side analysts expect World Acceptance to post an EPS of 11.2 for the current year.
Separately, SVP Luke J. Umstetter sold 250 shares of the company in a transaction dated Monday, January 3. The stock was sold at an average price of $240.01, for a total value of $60,002.50. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, CEO R Chad Prashad sold 2,000 shares of the company in a trade dated Tuesday, November 9. The shares were sold at an average price of $255.00, for a total value of $510,000.00. The disclosure of this sale can be found here. Insiders have sold 14,953 shares of the company worth $3,687,135 in the past three months. Insiders of the company hold 39.00% of the shares of the company.
Several large investors have recently changed their holdings of WRLD. EAM Global Investors LLC acquired a new equity stake in World Acceptance in the third quarter worth approximately $2,368,000. Patton Albertson Miller Group LLC acquired a new equity stake in World Acceptance in the third quarter valued at approximately $1,839,000. EAM Investors LLC acquired a new equity stake in World Acceptance in the third quarter valued at approximately $1,678,000. Vanguard Group Inc. increased its position in World Acceptance shares by 1.5% in the second quarter. Vanguard Group Inc. now owns 479,148 shares of the credit service provider valued at $76,779,000 after purchasing an additional 7,094 shares in the last quarter. Finally, BlackRock Inc. increased its position in World Acceptance shares by 1.0% in the third quarter. BlackRock Inc. now owns 675,276 shares of the credit service provider valued at $128,019,000 after purchasing an additional 6,625 shares in the last quarter. 83.60% of the shares are currently held by institutional investors.
About Global Acceptance
World Acceptance Corp. is active in the consumer credit business for small loans. It offers small short-term installments, larger medium-term loans, related credit insurance, ancillary products and services to individuals. The company also offers tax return preparation services to its clients. The company also markets computer software and related services to financial services companies through its subsidiary ParaData Financial Systems.
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