Worldwide Acceptance (NASDAQ:WRLD) Cut to “C+” at TheStreet


Worldwide Acceptance (NASDAQ: WRLDGet a rating) was downgraded by equity analysts TheStreet from a “b-” rating to a “c+” rating in a report released Thursday, TheStreetRatingsTable reports.

A number of other stock analysts have also recently released reports on the company. Zacks Investment Research downgraded World Acceptance from a “buy” rating to a “hold” rating in a Wednesday, April 6 research report. StockNews.com upgraded World Acceptance from a “hold” rating to a “buy” rating in a Monday, May 2 research report.

Global Acceptance Stock opened at $145.23 on Thursday. The company has a market capitalization of $950.68 million, a price-earnings ratio of 17.11 and a beta of 1.47. The company’s 50-day moving average price is $185.76 and its 200-day moving average price is $205.23. The company has a quick ratio of 20.09, a current ratio of 15.36 and a debt ratio of 1.86. World Acceptance has a 52 week minimum of $139.77 and a 52 week maximum of $265.75.

In other news, please Luke J. Umstetter sold 250 shares of the company in a transaction that took place on Friday, April 1. The stock was sold at an average price of $193.69, for a total value of $48,422.50. The transaction was disclosed in an SEC filing, available at the SEC website. Company insiders hold 39.00% of the company’s stock.

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. EAM Global Investors LLC purchased a new position in World Acceptance during the third quarter worth approximately $2,368,000. Citigroup Inc. increased its position in World Acceptance by 269.2% during the fourth quarter. Citigroup Inc. now owns 12,301 shares of the credit services provider worth $3,019,000 after buying 8,969 additional shares last quarter. EAM Investors LLC purchased a new position in World Acceptance during the third quarter worth approximately $1,678,000. Invesco Ltd. raised its position in World Acceptance by 19.2% during the fourth quarter. Invesco Ltd. now owns 50,396 shares of the credit service provider worth $12,368,000 after buying 8,115 more shares last quarter. Finally, BlackRock Inc. increased its position in World Acceptance by 1.0% during the third quarter. BlackRock Inc. now owns 675,276 shares of the credit service provider worth $128,019,000 after buying an additional 6,625 shares last quarter. Institutional investors and hedge funds hold 85.05% of the company’s shares.

About Global Acceptance (Get a rating)

World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.

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