Nisa Investment Advisors LLC Sells 3,500 Shares of World Acceptance Corporation (NASDAQ:WRLD)
Nisa Investment Advisors LLC reduced its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 48.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,700 shares of the credit services provider’s stock after selling 3,500 shares during the period. Nisa Investment Advisors LLC’s holdings in World Acceptance Corporation were worth $277,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of World Acceptance Corporation by 110.3% in the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after buying an additional 963 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of World Acceptance Corporation during the fourth quarter valued at about $230,000. Capstone Asset Management Co. acquired a new stake in shares of World Acceptance Corporation during the second quarter valued at about $269,000. Tudor Investment Corp ET AL acquired a new stake in shares of World Acceptance Corporation during the first quarter valued at about $217,000. Finally, United Services Automobile Association acquired a new stake in shares of World Acceptance Corporation during the first quarter valued at about $231,000. 96.93% of the stock is currently owned by institutional investors.
Shares of World Acceptance Corporation (NASDAQ WRLD) traded up 1.74% during mid-day trading on Monday, hitting $76.74. 17,698 shares of the company’s stock traded hands. The stock has a market cap of $668.02 million, a P/E ratio of 9.63 and a beta of 2.34. The stock has a 50 day moving average price of $76.50 and a 200-day moving average price of $64.36. World Acceptance Corporation has a 1-year low of $42.01 and a 1-year high of $88.26.
World Acceptance Corporation (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $2.02 by $0.54. The company had revenue of $128.90 million for the quarter, compared to analyst estimates of $125.74 million. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. During the same quarter in the prior year, the business posted $1.89 earnings per share. Equities research analysts anticipate that World Acceptance Corporation will post $7.48 EPS for the current fiscal year.
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Several analysts have issued reports on the stock. BidaskClub raised shares of World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine raised shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. TheStreet raised shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a report on Tuesday, May 9th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $62.00 price target on shares of World Acceptance Corporation in a report on Friday, June 16th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. World Acceptance Corporation presently has a consensus rating of “Hold” and an average price target of $61.50.
In related news, EVP Daniel Clinton Dyer sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $81.00, for a total transaction of $145,800.00. Following the completion of the sale, the executive vice president now directly owns 21,924 shares in the company, valued at $1,775,844. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jackie C. Willyard sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $82.83, for a total transaction of $114,305.40. Following the sale, the senior vice president now owns 4,360 shares of the company’s stock, valued at $361,138.80. The disclosure for this sale can be found here. Company insiders own 27.30% of the company’s stock.
World Acceptance Corporation Company 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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