World Acceptance (WRLD) Rating Increased to B- at TheStreet
World Acceptance (NASDAQ:WRLD) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Wednesday.
Other analysts have also issued research reports about the company. BMO Capital Markets cut their price objective on World Acceptance from $82.00 to $79.00 and set an “underperform” rating on the stock in a research report on Monday, July 23rd. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. World Acceptance has a consensus rating of “Hold” and an average target price of $83.25.
NASDAQ:WRLD traded up $2.47 during trading hours on Wednesday, reaching $117.63. 1,003 shares of the stock were exchanged, compared to its average volume of 81,894. The company has a quick ratio of 14.95, a current ratio of 14.95 and a debt-to-equity ratio of 0.46. World Acceptance has a twelve month low of $71.02 and a twelve month high of $125.14. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.12 and a beta of 2.75.
Several institutional investors have recently bought and sold shares of WRLD. Piedmont Investment Advisors LLC purchased a new position in World Acceptance in the second quarter valued at $158,000. Victory Capital Management Inc. purchased a new position in World Acceptance in the first quarter valued at $196,000. Burney Co. purchased a new position in World Acceptance in the first quarter valued at $233,000. MetLife Investment Advisors LLC purchased a new position in World Acceptance in the fourth quarter valued at $184,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in World Acceptance by 27.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock valued at $265,000 after buying an additional 510 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also: Google Finance
Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.