World Acceptance (NASDAQ:WRLD) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of World Acceptance (NASDAQ:WRLD) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of World Acceptance in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

World Acceptance Price Performance

NASDAQ:WRLD opened at $189.65 on Monday. The firm has a market capitalization of $883.77 million, a price-to-earnings ratio of 22.42 and a beta of 1.14. The company has a debt-to-equity ratio of 1.29, a current ratio of 13.49 and a quick ratio of 13.49. The business has a 50 day simple moving average of $190.11 and a 200-day simple moving average of $158.21. World Acceptance has a 1 year low of $110.00 and a 1 year high of $227.68.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Friday, July 24th. The credit services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $0.58 by $1.54. The firm had revenue of $127.79 million for the quarter, compared to the consensus estimate of $143.90 million. World Acceptance had a return on equity of 12.13% and a net margin of 6.71%.

Insider Buying and Selling

In other news, Director Charles D. Way sold 833 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $225.00, for a total transaction of $187,425.00. Following the transaction, the director directly owned 12,729 shares of the company’s stock, valued at approximately $2,864,025. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Alice Lindsay Caulder sold 609 shares of World Acceptance stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $181.00, for a total transaction of $110,229.00. Following the sale, the senior vice president directly owned 14,682 shares of the company’s stock, valued at $2,657,442. This represents a 3.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,396 shares of company stock worth $1,493,090 over the last 90 days. Corporate insiders own 38.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of World Acceptance by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,044 shares of the credit services provider’s stock worth $259,000 after buying an additional 78 shares during the period. Empowered Funds LLC increased its stake in shares of World Acceptance by 4.1% during the first quarter. Empowered Funds LLC now owns 23,422 shares of the credit services provider’s stock valued at $2,964,000 after buying an additional 925 shares during the period. JPMorgan Chase & Co. increased its stake in shares of World Acceptance by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 28,651 shares of the credit services provider’s stock valued at $4,731,000 after buying an additional 4,092 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of World Acceptance by 23.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 26,865 shares of the credit services provider’s stock valued at $4,436,000 after acquiring an additional 5,025 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of World Acceptance by 0.8% in the second quarter. First Trust Advisors LP now owns 10,600 shares of the credit services provider’s stock valued at $1,750,000 after acquiring an additional 82 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

About World Acceptance

World Acceptance Corporation (NASDAQ: WRLD) is a consumer finance company headquartered in Greenville, South Carolina. Founded in 1972, the company provides credit solutions to underserved customers who may have limited access to traditional banking services. Over the decades, World Acceptance has built a reputation for tailored lending that emphasizes responsible underwriting and personalized customer service.

The company’s core product offerings include short-term installment loans designed to meet the immediate financial needs of its clients.