World Acceptance (NASDAQ:WRLD) Sees Large Volume Increase

World Acceptance Co. (NASDAQ:WRLD) shares saw unusually-high trading volume on Friday . Approximately 59,616 shares changed hands during trading, an increase of 51% from the previous session’s volume of 39,463 shares.The stock last traded at $137.36 and had previously closed at $140.25.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Friday.

World Acceptance Trading Down 1.0 %

The company has a debt-to-equity ratio of 1.17, a current ratio of 15.98 and a quick ratio of 15.98. The company has a market capitalization of $810.48 million, a price-to-earnings ratio of 10.47 and a beta of 1.38. The business’s 50 day simple moving average is $127.91 and its 200 day simple moving average is $131.39.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WRLD. Dimensional Fund Advisors LP boosted its holdings in World Acceptance by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 286,578 shares of the credit services provider’s stock worth $37,408,000 after buying an additional 1,871 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of World Acceptance by 89.5% in the first quarter. Quadrature Capital Ltd now owns 23,869 shares of the credit services provider’s stock valued at $3,455,000 after purchasing an additional 11,275 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of World Acceptance by 1.2% in the first quarter. Principal Financial Group Inc. now owns 21,601 shares of the credit services provider’s stock valued at $3,132,000 after purchasing an additional 261 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of World Acceptance by 11.0% in the first quarter. Los Angeles Capital Management LLC now owns 20,301 shares of the credit services provider’s stock valued at $2,943,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of World Acceptance by 47.8% in the first quarter. Empowered Funds LLC now owns 18,918 shares of the credit services provider’s stock valued at $2,743,000 after purchasing an additional 6,116 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.