LSV Asset Management Has $29.48 Million Holdings in World Acceptance Corp. (WRLD)
LSV Asset Management cut its stake in shares of World Acceptance Corp. (NASDAQ:WRLD) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 365,169 shares of the credit services provider’s stock after selling 40,300 shares during the period. LSV Asset Management’s holdings in World Acceptance were worth $29,476,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in World Acceptance by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 546,691 shares of the credit services provider’s stock valued at $45,315,000 after acquiring an additional 25,060 shares during the last quarter. Koch Industries Inc. purchased a new stake in World Acceptance during the 2nd quarter valued at approximately $265,000. State Street Corp raised its stake in World Acceptance by 1.9% during the 2nd quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after acquiring an additional 2,979 shares during the last quarter. Northern Trust Corp raised its stake in World Acceptance by 0.3% during the 2nd quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock valued at $10,968,000 after acquiring an additional 498 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in World Acceptance by 335.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock valued at $6,434,000 after acquiring an additional 59,755 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
WRLD has been the subject of several analyst reports. Zacks Investment Research raised World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Saturday. BidaskClub raised World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group reaffirmed a “sell” rating and set a $60.00 price objective on shares of World Acceptance in a research note on Thursday, October 12th. BMO Capital Markets reaffirmed a “sell” rating and set a $80.00 price objective on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Stephens reaffirmed a “sell” rating and set a $65.00 price objective on shares of World Acceptance in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. World Acceptance has a consensus rating of “Hold” and a consensus target price of $82.75.
World Acceptance (NASDAQ:WRLD) last issued its earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.42. The business had revenue of $136.90 million during the quarter, compared to the consensus estimate of $137.99 million. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. research analysts anticipate that World Acceptance Corp. will post 7.61 earnings per share for the current 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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