Principal Financial Group Inc. Sells 1,051 Shares of World Acceptance Corp. (WRLD)
Principal Financial Group Inc. decreased its holdings in shares of World Acceptance Corp. (NASDAQ:WRLD) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,967 shares of the credit services provider’s stock after selling 1,051 shares during the quarter. Principal Financial Group Inc. owned approximately 0.52% of World Acceptance worth $3,727,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in World Acceptance by 28.9% during the second quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after purchasing an additional 116,986 shares during the last quarter. Koch Industries Inc. acquired a new position in World Acceptance during the second quarter worth $265,000. State Street Corp boosted its holdings in World Acceptance by 1.9% during the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock worth $11,968,000 after purchasing an additional 2,979 shares during the last quarter. Northern Trust Corp raised its position in World Acceptance by 0.3% during the second quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock worth $10,968,000 after acquiring an additional 498 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in World Acceptance by 114.9% during the second quarter. Goldman Sachs Group Inc. now owns 64,223 shares of the credit services provider’s stock worth $4,811,000 after acquiring an additional 34,341 shares in the last quarter. Institutional investors and hedge funds own 92.10% of the company’s stock.
Several analysts have issued reports on WRLD shares. Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Jefferies Group reaffirmed a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Finally, BidaskClub lowered shares of World Acceptance from a “hold” rating to a “sell” rating in a research report on Saturday. Five equities research analysts have rated the stock with a sell rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.00.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by ($0.83). The company had revenue of $131.00 million during 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%. World Acceptance’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. sell-side analysts predict that World Acceptance Corp. will post 7.24 EPS for the current fiscal year.
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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