Koch Industries Inc. acquired a new stake in World Acceptance Corporation (NASDAQ:WRLD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 268,949 shares of the credit services provider’s stock, valued at approximately $265,000. Koch Industries Inc. owned 3.09% of World Acceptance Corporation at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Sterling Capital Management LLC raised its holdings in shares of World Acceptance Corporation by 9.5% in the 2nd quarter. Sterling Capital Management LLC now owns 15,529 shares of the credit services provider’s stock valued at $1,163,000 after buying an additional 1,346 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of World Acceptance Corporation in the 2nd quarter valued at $117,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of World Acceptance Corporation in the 2nd quarter valued at $211,000. State Street Corp raised its holdings in shares of World Acceptance Corporation by 1.9% in the 2nd quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after buying an additional 2,979 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of World Acceptance Corporation by 84.6% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 52,362 shares of the credit services provider’s stock valued at $3,922,000 after buying an additional 24,000 shares during the period. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Shares of World Acceptance Corporation (NASDAQ WRLD) opened at 81.64 on Friday. World Acceptance Corporation has a 12-month low of $42.01 and a 12-month high of $88.26. The stock has a market cap of $710.68 million, a P/E ratio of 10.25 and a beta of 2.39. The company has a 50 day moving average price of $81.23 and a 200 day moving average price of $73.88.

World Acceptance Corporation (NASDAQ:WRLD) last issued its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share 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 analyst estimates of $125.74 million. During the same quarter in the previous year, the business posted $1.89 EPS. Analysts anticipate that World Acceptance Corporation will post $7.67 earnings per share for the current fiscal year.

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Several research firms recently issued reports on WRLD. BidaskClub upgraded World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “sell” rating and issued a $60.00 price objective on shares of World Acceptance Corporation in a report on Thursday, October 12th. Finally, ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.00.

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

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