First Trust Advisors LP boosted its position in shares of World Acceptance Corp. (NASDAQ:WRLD) by 247.1% in the second quarter, Holdings Channel reports. The fund owned 20,641 shares of the credit services provider’s stock after acquiring an additional 14,695 shares during the period. First Trust Advisors LP’s holdings in World Acceptance were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in World Acceptance during the 2nd quarter worth $158,000. Victory Capital Management Inc. acquired a new position in World Acceptance during the 1st quarter worth $196,000. Burney Co. acquired a new position in World Acceptance during the 1st quarter worth $233,000. MetLife Investment Advisors LLC lifted its position in World Acceptance by 25.0% during the 1st quarter. MetLife Investment Advisors LLC now owns 2,848 shares of the credit services provider’s stock worth $300,000 after acquiring an additional 570 shares during the last quarter. Finally, Cambria Investment Management L.P. acquired a new position in World Acceptance during the 1st quarter worth $345,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

WRLD has been the subject of a number of research analyst reports. BidaskClub raised shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. TheStreet lowered shares of World Acceptance from a “b-” rating to a “c” rating in a research report on Friday, July 27th. BMO Capital Markets cut their price objective on shares of World Acceptance from $82.00 to $79.00 and set an “underperform” rating for the company in a research report on Monday, July 23rd. Finally, Zacks Investment Research lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. World Acceptance presently has a consensus rating of “Hold” and a consensus target price of $83.25.

Shares of WRLD opened at $120.55 on Monday. The stock has a market cap of $1.10 billion, a PE ratio of 15.64 and a beta of 2.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 14.95 and a quick ratio of 14.95. World Acceptance Corp. has a 52 week low of $71.02 and a 52 week high of $125.14.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.26). The company had revenue of $122.79 million for the quarter, compared to analyst estimates of $132.98 million. World Acceptance had a net margin of 3.52% and a return on equity of 14.06%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. equities analysts predict that World Acceptance Corp. will post 7.86 EPS for the current year.

World Acceptance Profile

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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

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