Arizona State Retirement System Buys New Holdings in World Acceptance Corporation (WRLD)
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.
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