Great West Life Assurance Co. Can Decreases Position in World Acceptance Corp. (WRLD)
Great West Life Assurance Co. Can trimmed its position in World Acceptance Corp. (NASDAQ:WRLD) by 10.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,764 shares of the credit services provider’s stock after selling 887 shares during the period. Great West Life Assurance Co. Can owned 0.09% of World Acceptance worth $643,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky grew its stake in World Acceptance by 130.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock worth $249,000 after purchasing an additional 1,700 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in World Acceptance by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 830 shares during the last quarter. Prudential Financial Inc. lifted its holdings in World Acceptance by 2.2% in the third quarter. Prudential Financial Inc. now owns 63,962 shares of the credit services provider’s stock worth $5,302,000 after acquiring an additional 1,370 shares during the last quarter. Legacy Advisors LLC bought a new position in World Acceptance in the third quarter worth about $442,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in World Acceptance by 31.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 19,564 shares of the credit services provider’s stock worth $1,622,000 after acquiring an additional 4,656 shares during the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.
A number of equities analysts have issued reports on WRLD shares. BidaskClub cut shares of World Acceptance from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research cut shares of World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Jefferies Group reissued a “sell” rating and issued a $60.00 target price 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 issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $59.00.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.83). The business had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.20 million. World Acceptance had a net margin of 12.02% and a return on equity of 13.90%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. sell-side analysts forecast that World Acceptance Corp. will post 7.24 EPS for the current year.
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About World Acceptance
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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