Cornerstone Capital Management Holdings LLC. Has $5.27 Million Holdings in World Acceptance Corp. (WRLD)
Cornerstone Capital Management Holdings LLC. boosted its stake in shares of World Acceptance Corp. (NASDAQ:WRLD) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,562 shares of the credit services provider’s stock after buying an additional 11,200 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.72% of World Acceptance worth $5,268,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of World Acceptance during the 2nd quarter valued at $117,000. Bank of Montreal Can lifted its holdings in shares of World Acceptance by 110.3% during the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 963 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of World Acceptance by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after purchasing an additional 830 shares during the last quarter. Barings LLC purchased a new stake in shares of World Acceptance during the 3rd quarter valued at $207,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of World Acceptance during the 3rd quarter valued at $221,000. Institutional investors own 92.10% of the company’s stock.
World Acceptance Corp. (WRLD) opened at $79.65 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 16.43 and a quick ratio of 16.43. World Acceptance Corp. has a 12-month low of $42.01 and a 12-month high of $88.26. The stock has a market capitalization of $708.35, a price-to-earnings ratio of 10.93 and a beta of 2.40.
World Acceptance (NASDAQ:WRLD) last released its earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance had a net margin of 12.02% and a return on equity of 13.90%. The firm had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.20 million. During the same period in the previous year, the company earned $0.18 earnings per share. World Acceptance’s revenue was up 1.3% on a year-over-year basis. research analysts predict that World Acceptance Corp. will post 7.24 earnings per share for the current year.
Several analysts have recently commented on WRLD shares. BidaskClub lowered World Acceptance from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research lowered World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Jefferies Group reiterated a “sell” rating and set a $60.00 price objective on shares of World Acceptance in a report on Thursday, October 12th. Five analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.00.
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.
Want to see what other hedge funds are holding WRLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Acceptance Corp. (NASDAQ:WRLD).
Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.