Allianz Asset Management GmbH Cuts Position in World Acceptance Corp. (WRLD)

Allianz Asset Management GmbH reduced its stake in shares of World Acceptance Corp. (NASDAQ:WRLD) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,248 shares of the credit services provider’s stock after selling 2,375 shares during the period. Allianz Asset Management GmbH owned 0.27% of World Acceptance worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its holdings in World Acceptance by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after acquiring an additional 830 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in World Acceptance in the 4th quarter valued at $202,000. Barings LLC acquired a new position in World Acceptance in the 3rd quarter valued at $207,000. Teachers Retirement System of The State of Kentucky raised its holdings in World Acceptance by 130.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock valued at $249,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in World Acceptance in the 3rd quarter valued at $315,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.

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Several research analysts have weighed in on WRLD shares. BidaskClub downgraded World Acceptance from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Stephens reiterated a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a report on Thursday, January 4th. Zacks Investment Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. BMO Capital Markets reiterated a “sell” rating and issued a $80.00 price target on shares of World Acceptance in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. World Acceptance presently has an average rating of “Hold” and a consensus target price of $82.75.

Shares of WRLD stock opened at $101.20 on Friday. The company has a market capitalization of $985.22, a price-to-earnings ratio of 15.79 and a beta of 2.77. The company has a current ratio of 20.25, a quick ratio of 20.24 and a debt-to-equity ratio of 0.77. World Acceptance Corp. has a twelve month low of $47.45 and a twelve month high of $121.17.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.42. The business had revenue of $136.90 million during the quarter, compared to the consensus estimate of $137.99 million. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. research analysts predict that World Acceptance Corp. will post 8.23 earnings per share for the current year.

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World Acceptance 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.

Institutional Ownership by Quarter for World Acceptance (NASDAQ:WRLD)

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