Ingalls & Snyder LLC Cuts Holdings in World Acceptance Corp. (WRLD)

Ingalls & Snyder LLC cut its stake in shares of World Acceptance Corp. (NASDAQ:WRLD) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,089 shares of the credit services provider’s stock after selling 3,297 shares during the period. Ingalls & Snyder LLC owned 0.92% of World Acceptance worth $6,546,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in World Acceptance by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 4,530 shares of the credit services provider’s stock worth $340,000 after acquiring an additional 31 shares during the last quarter. Wells Fargo & Company MN lifted its position in World Acceptance by 1.7% during the second quarter. Wells Fargo & Company MN now owns 4,773 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 82 shares during the last quarter. Northern Trust Corp raised its position in shares of World Acceptance by 0.3% in the second quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock valued at $10,968,000 after buying an additional 498 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of World Acceptance by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after buying an additional 830 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of World Acceptance by 24.4% in the second quarter. Nationwide Fund Advisors now owns 4,642 shares of the credit services provider’s stock valued at $348,000 after buying an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.

A number of research firms have recently weighed in on WRLD. Zacks Investment Research upgraded shares of World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 13th. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Jefferies Group reiterated a “sell” rating and issued a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Finally, Stephens reiterated a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $62.33.

World Acceptance Corp. (WRLD) traded up $2.99 during midday trading on Friday, hitting $85.45. 103,464 shares of the stock were exchanged, compared to its average volume of 74,000. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65. World Acceptance Corp. has a 52 week low of $42.01 and a 52 week high of $88.54. The firm has a market capitalization of $740.76, a P/E ratio of 11.67 and a beta of 2.40.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.83). World Acceptance had a net margin of 12.02% and a return on equity of 13.90%. The business had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.20 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. research analysts predict that World Acceptance Corp. will post 7.07 earnings per share for the current year.

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World Acceptance Company Profile

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.

Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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