Emerald Acquisition Ltd. bought a new position in shares of World Acceptance Corp. (NASDAQ:WRLD) during the second quarter, Holdings Channel reports. The firm bought 22,818 shares of the company’s stock, valued at approximately $1,041,000. Emerald Acquisition Ltd. owned 0.26% of World Acceptance Corp. as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its position in World Acceptance Corp. by 37.3% in the second quarter. KBC Group NV now owns 4,628 shares of the company’s stock worth $211,000 after buying an additional 1,257 shares during the period. First Citizens Bank & Trust Co. purchased a new position in World Acceptance Corp. during the second quarter worth about $403,000. American Century Companies Inc. increased its position in World Acceptance Corp. by 1.9% in the second quarter. American Century Companies Inc. now owns 119,696 shares of the company’s stock worth $5,458,000 after buying an additional 2,205 shares in the last quarter. Smith Asset Management Group LP increased its position in World Acceptance Corp. by 94.8% in the second quarter. Smith Asset Management Group LP now owns 8,920 shares of the company’s stock worth $407,000 after buying an additional 4,340 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in World Acceptance Corp. by 91.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,607 shares of the company’s stock worth $119,000 after buying an additional 1,248 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.
World Acceptance Corp. (NASDAQ:WRLD) traded up 1.22% during mid-day trading on Monday, reaching $50.58. 59,488 shares of the company were exchanged. World Acceptance Corp. has a 12 month low of $26.87 and a 12 month high of $55.43. The company has a market cap of $441.26 million, a P/E ratio of 5.48 and a beta of 1.75. The stock’s 50-day moving average is $47.94 and its 200-day moving average is $44.18.
World Acceptance Corp. (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.33. World Acceptance Corp. had a net margin of 14.52% and a return on equity of 21.02%. The company earned $127.10 million during the quarter, compared to analyst estimates of $130.91 million. During the same quarter last year, the business earned $2.71 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts expect that World Acceptance Corp. will post $7.83 earnings per share for the current year.
WRLD has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $37.00 price objective on shares of World Acceptance Corp. in a research note on Friday, July 15th. Zacks Investment Research downgraded shares of World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price objective on shares of World Acceptance Corp. in a research note on Friday, July 29th.
World Acceptance Corp. 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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