Comerica Bank reduced its position in shares of World Acceptance Co. (NASDAQ:WRLD – received rating) up 2.9% in the first quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,558 shares of the loan servicer after selling 105 shares during the period. Comerica Bank’s holdings in World Acceptance were worth $729,000 at the end of the most recent quarter.

Other major investors have also recently changed their positions in the company. CWM LLC acquired a new interest in World Acceptance valued at approximately $48,000 during the fourth quarter. Cooper Creek Partners Management LLC acquired a new interest in World Acceptance for approximately $225,000 during the fourth quarter. Envestnet Asset Management Inc. acquired a new interest in World Acceptance valued at approximately $240,000 during the fourth quarter. ProShare Advisors LLC acquired a new interest in World Acceptance valued at approximately $264,000 during the fourth quarter. Finally, during the fourth quarter, Harvest Investment Services LLC purchased a new interest in World Acceptance valued at approximately $293,000. 85.05% of the shares are owned by institutional investors.

Analyst upgrades and downgrades

A number of analysts have commented on WRLD stocks. TheStreet lowered shares of World Acceptance from a “b-” rating to a “c+” rating in a research report Thursday, May 12. Stephens cut its price target on shares of World Acceptance to $105.00 from $159.00 and ranked the stock as “underweight” in a research report on Thursday. BMO Capital Markets lowered its price target on shares of World Acceptance to $52.00 from $57.00 in a research note on Friday. Finally, StockNews.com upgraded the shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd.

Development of the world acceptance price

WRLD opened at $110.78 on Friday. The company has a market cap of $695.78 million, a price-to-earnings ratio of 13.05 and a beta of 1.56. The company has a quick ratio of 15.36, a current ratio of 15.36 and a debt to equity ratio of 1.86. The company has a 50-day moving average price of $121.43 and a 200-day moving average price of $167.01. World Acceptance Co. has a 12-month low of $98.96 and a 12-month high of $265.75.

world acceptance (NASDAQ:WRLD – received rating) last released its quarterly earnings data on Wednesday, July 27th. The credit servicer reported ($1.53) EPS for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a net margin of 9.26% and a return on equity of 13.42%. In the same quarter last year, the company posted $2.44 per share. Equities analysts expect World Acceptance Co. to post 5.23 EPS for the year to date.

World Acceptance Company Profile

(received rating)

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

Selected items

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