Seizert Capital Partners LLC increased its stake in World Acceptance Corporation (NASDAQ:WRLD) by 35.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,563 shares of the credit services provider’s stock after purchasing an additional 1,722 shares during the quarter. Seizert Capital Partners LLC owned 0.08% of World Acceptance Corporation worth $544,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of WRLD. Vanguard Group Inc. boosted its position in shares of World Acceptance Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,078,168 shares of the credit services provider’s stock worth $55,827,000 after acquiring an additional 58,557 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in World Acceptance Corporation by 28.9% in the second quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock valued at $39,075,000 after buying an additional 116,986 shares during the period. Koch Industries Inc. purchased a new position in World Acceptance Corporation in the second quarter valued at approximately $265,000. State Street Corp raised its stake in shares of World Acceptance Corporation by 1.9% during the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after purchasing an additional 2,979 shares during the period. Finally, Northern Trust Corp raised its stake in shares of World Acceptance Corporation by 0.3% during the second quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock valued at $10,968,000 after purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 91.75% of the company’s stock.
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Shares of World Acceptance Corporation (NASDAQ WRLD) opened at $73.15 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 16.43 and a quick ratio of 16.43. World Acceptance Corporation has a 1 year low of $42.01 and a 1 year high of $88.26. The company has a market cap of $662.29, a PE ratio of 10.22 and a beta of 2.43.
World Acceptance Corporation (NASDAQ:WRLD) last posted its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by ($0.83). World Acceptance Corporation had a return on equity of 13.90% and a net margin of 12.02%. The company had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. During the same quarter in the previous year, the firm posted $0.18 EPS. World Acceptance Corporation’s quarterly revenue was up 1.3% on a year-over-year basis. equities analysts anticipate that World Acceptance Corporation will post 7.24 EPS for the current year.
A number of analysts recently issued reports on WRLD shares. Jefferies Group LLC restated a “sell” rating and issued a $60.00 price target on shares of World Acceptance Corporation in a research note on Thursday, October 12th. Zacks Investment Research raised shares of World Acceptance Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub raised shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.00.
About World Acceptance Corporation
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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