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.
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