World Acceptance Corporation (WRLD) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC trimmed its holdings in shares of World Acceptance Corporation (NASDAQ:WRLD) by 52.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,440 shares of the credit services provider’s stock after selling 3,856 shares during the period. SG Americas Securities LLC’s holdings in World Acceptance Corporation were worth $258,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of World Acceptance Corporation by 110.3% during the second 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. Tudor Investment Corp ET AL acquired a new position in shares of World Acceptance Corporation during the first quarter valued at $217,000. United Services Automobile Association acquired a new position in World Acceptance Corporation during the first quarter worth about $231,000. Arizona State Retirement System acquired a new position in World Acceptance Corporation during the second quarter worth about $233,000. Finally, Seizert Capital Partners LLC acquired a new position in World Acceptance Corporation during the first quarter worth about $250,000. 91.93% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on WRLD. BidaskClub raised World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $62.00 target price on shares of World Acceptance Corporation in a report on Friday, June 16th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.50.
World Acceptance Corporation (NASDAQ WRLD) opened at 78.98 on Friday. World Acceptance Corporation has a 12-month low of $42.01 and a 12-month high of $88.26. The company’s 50-day moving average price is $76.19 and its 200-day moving average price is $68.45. The firm has a market capitalization of $687.52 million, a price-to-earnings ratio of 9.91 and a beta of 2.34.
World Acceptance Corporation (NASDAQ:WRLD) last released its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.54). The firm had revenue of $128.90 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.89 EPS. Equities analysts expect that World Acceptance Corporation will post $7.48 EPS for the current fiscal year.
World Acceptance Corporation 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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