World Acceptance Corporation Sees Unusually High Options Volume (WRLD)
World Acceptance Corporation (NASDAQ:WRLD) was the recipient of some unusual options trading on Friday. Traders acquired 7,016 call options on the company. This is an increase of Infinity compared to the typical daily volume of 0 call options.
A number of institutional investors and hedge funds have recently modified their holdings of WRLD. Tower Research Capital LLC TRC bought a new stake in World Acceptance Corporation during the 2nd quarter valued at approximately $117,000. Bank of Montreal Can raised its stake in World Acceptance Corporation 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 period. C M Bidwell & Associates Ltd. bought a new stake in World Acceptance Corporation during the 2nd quarter valued at approximately $211,000. Tudor Investment Corp ET AL bought a new stake in World Acceptance Corporation during the 1st quarter valued at approximately $217,000. Finally, Eqis Capital Management Inc. bought a new stake in World Acceptance Corporation during the 3rd quarter valued at approximately $221,000. 92.12% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on WRLD shares. Zacks Investment Research cut World Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub cut World Acceptance Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “sell” rating and set a $60.00 price objective on shares of World Acceptance Corporation in a research report on Thursday, October 12th. 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. The company currently has a consensus rating of “Hold” and a consensus target price of $59.00.
World Acceptance Corporation (NASDAQ:WRLD) opened at $75.53 on Monday. World Acceptance Corporation has a 12-month low of $42.01 and a 12-month high of $88.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 15.41 and a current ratio of 2.07. The firm has a market capitalization of $666.08, a PE ratio of 10.32 and a beta of 2.43.
World Acceptance Corporation (NASDAQ:WRLD) last issued 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). The business had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.20 million. World Acceptance Corporation had a net margin of 12.02% and a return on equity of 13.90%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. sell-side analysts predict that World Acceptance Corporation will post 7.24 earnings per share for the current year.
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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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