Arizona State Retirement System bought a new position in shares of World Acceptance Corporation (NASDAQ:WRLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,111 shares of the credit services provider’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of World Acceptance Corporation by 110.3% during the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 963 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of World Acceptance Corporation during the 1st quarter worth approximately $217,000. United Services Automobile Association acquired a new position in shares of World Acceptance Corporation during the 1st quarter worth approximately $231,000. Seizert Capital Partners LLC acquired a new position in shares of World Acceptance Corporation during the 1st quarter worth approximately $250,000. Finally, Capstone Asset Management Co. acquired a new position in shares of World Acceptance Corporation during the 2nd quarter worth approximately $269,000. 91.93% of the stock is currently owned by institutional investors and hedge funds.

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WRLD has been the subject of several recent research reports. BidaskClub downgraded World Acceptance Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets restated a “sell” rating and issued a $62.00 price target on shares of World Acceptance Corporation in a research note on Friday, June 16th. ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded World Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. World Acceptance Corporation currently has a consensus rating of “Hold” and an average target price of $61.50.

Shares of World Acceptance Corporation (NASDAQ WRLD) opened at 81.12 on Wednesday. The company has a market capitalization of $706.15 million, a P/E ratio of 10.18 and a beta of 2.34. The stock’s 50 day moving average price is $75.77 and its 200-day moving average price is $67.91. World Acceptance Corporation has a 52-week low of $42.01 and a 52-week high of $88.26.

World Acceptance Corporation (NASDAQ:WRLD) last posted 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 return on equity of 15.75% and a net margin of 13.13%. The company had revenue of $128.90 million during the quarter, compared to the consensus estimate of $125.74 million. During the same period in the previous year, the business earned $1.89 earnings per share. On average, equities analysts expect that World Acceptance Corporation will post $7.48 earnings per share for the current year.

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.

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

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