World Acceptance Corp. (WRLD) Position Lessened by Spark Investment Management LLC
Spark Investment Management LLC lessened its holdings in World Acceptance Corp. (NASDAQ:WRLD) by 32.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,200 shares of the credit services provider’s stock after selling 7,700 shares during the period. Spark Investment Management LLC’s holdings in World Acceptance were worth $1,307,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WRLD. Wells Fargo & Company MN raised its position in shares of World Acceptance by 1.7% in the second quarter. Wells Fargo & Company MN now owns 4,773 shares of the credit services provider’s stock worth $358,000 after buying an additional 82 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of World Acceptance by 13.1% in the second quarter. TIAA CREF Investment Management LLC now owns 15,842 shares of the credit services provider’s stock worth $1,187,000 after buying an additional 1,829 shares in the last quarter. 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 worth $348,000 after buying an additional 909 shares in 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 worth $10,968,000 after buying an additional 498 shares in the last quarter. Finally, State Street Corp raised its position in World Acceptance by 1.9% during the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after purchasing an additional 2,979 shares in the last quarter. Institutional investors own 89.13% of the company’s stock.
A number of equities research analysts have weighed in on WRLD shares. Zacks Investment Research downgraded World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Stephens restated a “sell” rating and set a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th. BidaskClub upgraded World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets restated a “sell” rating and set a $80.00 price target on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $82.75.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.42. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The business had revenue of $136.90 million for the quarter, compared to the consensus estimate of $137.99 million. During the same quarter last year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. equities research analysts forecast that World Acceptance Corp. will post 7.61 EPS for the current fiscal year.
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World Acceptance 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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