Capstone Asset Management Co. reduced its stake in World Acceptance Corp. (NASDAQ:WRLD) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,176 shares of the company’s stock after selling 610 shares during the period. Capstone Asset Management Co.’s holdings in World Acceptance Corp. were worth $282,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of WRLD. BNP Paribas Arbitrage SA boosted its stake in shares of World Acceptance Corp. by 91.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,607 shares of the company’s stock valued at $119,000 after buying an additional 1,248 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of World Acceptance Corp. by 134.1% in the first quarter. Royal Bank of Canada now owns 9,295 shares of the company’s stock valued at $352,000 after buying an additional 5,325 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of World Acceptance Corp. during the first quarter valued at $2,113,000. Wellington Management Group LLP purchased a new stake in shares of World Acceptance Corp. during the first quarter valued at $580,000. Finally, Valiant Capital Management L.P. boosted its stake in shares of World Acceptance Corp. by 56.6% in the first quarter. Valiant Capital Management L.P. now owns 442,760 shares of the company’s stock valued at $16,789,000 after buying an additional 160,051 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.
Shares of World Acceptance Corp. (NASDAQ:WRLD) traded up 1.51% during midday trading on Friday, hitting $48.92. The company had a trading volume of 90,752 shares. World Acceptance Corp. has a 12 month low of $25.30 and a 12 month high of $55.43. The company has a 50-day moving average of $46.82 and a 200 day moving average of $43.26. The firm has a market capitalization of $426.78 million, a PE ratio of 5.30 and a beta of 1.76.
World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.33. World Acceptance Corp. had a return on equity of 21.02% and a net margin of 14.52%. The company had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. During the same quarter in the previous year, the business posted $2.71 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts expect that World Acceptance Corp. will post $7.83 EPS for the current fiscal year.
Several brokerages have weighed in on WRLD. Jefferies Group reiterated a “hold” rating and issued a $37.00 target price on shares of World Acceptance Corp. in a report on Friday, July 15th. Zacks Investment Research cut World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $41.00 target price on shares of World Acceptance Corp. in a report on Friday, July 29th.
About World Acceptance Corp.
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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