World Acceptance (NASDAQ:WRLD) Sets New 1-Year High at $147.54

World Acceptance Corp. (NASDAQ:WRLD) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $147.54 and last traded at $146.87, with a volume of 1156 shares changing hands. The stock had previously closed at $144.56.

A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “strong-buy” rating and set a $156.00 price objective for the company in a report on Friday, May 17th. Finally, ValuEngine lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. World Acceptance currently has an average rating of “Buy” and a consensus price target of $111.00.

The firm has a market cap of $1.35 billion, a PE ratio of 19.12 and a beta of 2.33. The company has a current ratio of 15.02, a quick ratio of 15.02 and a debt-to-equity ratio of 0.46.

World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, May 9th. The credit services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.66. The business had revenue of $157.00 million during the quarter, compared to analyst estimates of $146.60 million. World Acceptance had a net margin of 6.84% and a return on equity of 13.39%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $3.70 EPS. Equities analysts expect that World Acceptance Corp. will post 8.27 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in WRLD. Prescott Investors Profit Sharing Trust acquired a new stake in World Acceptance during the 4th quarter valued at approximately $6,917,000. BlackRock Inc. grew its position in shares of World Acceptance by 6.1% during the 4th quarter. BlackRock Inc. now owns 967,506 shares of the credit services provider’s stock worth $98,938,000 after buying an additional 55,747 shares during the period. Phoenician Capital LLC acquired a new stake in shares of World Acceptance during the 4th quarter worth approximately $3,579,000. Renaissance Technologies LLC grew its position in shares of World Acceptance by 11.9% during the 1st quarter. Renaissance Technologies LLC now owns 249,600 shares of the credit services provider’s stock worth $29,236,000 after buying an additional 26,600 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of World Acceptance by 251.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 35,122 shares of the credit services provider’s stock worth $3,592,000 after buying an additional 25,117 shares during the period. 88.82% of the stock is owned by institutional investors and hedge funds.

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World Acceptance Company Profile (NASDAQ:WRLD)

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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