World Acceptance Corporation (WRLD) Position Cut by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lowered its position in shares of World Acceptance Corporation (NASDAQ:WRLD) by 15.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,882 shares of the credit services provider’s stock after selling 5,640 shares during the period. Goldman Sachs Group Inc. owned 0.34% of World Acceptance Corporation worth $1,548,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in WRLD. Thrivent Financial for Lutherans acquired a new stake in World Acceptance Corporation during the fourth quarter worth $205,000. Highbridge Capital Management LLC acquired a new stake in World Acceptance Corporation during the fourth quarter worth $230,000. Tudor Investment Corp ET AL acquired a new stake in World Acceptance Corporation during the first quarter worth $217,000. United Services Automobile Association acquired a new stake in World Acceptance Corporation during the first quarter worth $231,000. Finally, Seizert Capital Partners LLC acquired a new stake in World Acceptance Corporation during the first quarter worth $250,000. 97.44% of the stock is owned by hedge funds and other institutional investors.
World Acceptance Corporation (WRLD) traded up 2.31% during midday trading on Tuesday, hitting $80.72. The stock had a trading volume of 22,143 shares. World Acceptance Corporation has a 1-year low of $42.01 and a 1-year high of $88.26. The stock has a market cap of $699.92 million, a price-to-earnings ratio of 9.63 and a beta of 2.34. The company has a 50-day moving average of $76.15 and a 200-day moving average of $63.38.
World Acceptance Corporation (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a net margin of 13.13% and a return on equity of 15.75%. The firm had revenue of $128.90 million during the quarter, compared to the consensus estimate of $125.74 million. During the same quarter in the previous year, the company posted $1.89 earnings per share. Equities research analysts forecast that World Acceptance Corporation will post $7.48 EPS for the current year.
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Several equities research analysts have recently commented on the company. BidaskClub cut World Acceptance Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut World Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet raised World Acceptance Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reissued a “sell” rating and issued a $40.00 target price on shares of World Acceptance Corporation in a research note on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.50.
In other news, SVP Jackie C. Willyard sold 1,380 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $82.83, for a total value of $114,305.40. Following the completion of the transaction, the senior vice president now directly owns 4,360 shares in the company, valued at approximately $361,138.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tara Elizabeth Bullock sold 390 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.08, for a total value of $31,231.20. Following the completion of the transaction, the senior vice president now owns 7,932 shares of the company’s stock, valued at $635,194.56. The disclosure for this sale can be found here. Insiders sold a total of 3,570 shares of company stock valued at $291,337 over the last quarter. 27.30% of the stock is owned by corporate insiders.
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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