World Acceptance Corp. (WRLD) Position Cut by Livingston Group Asset Management CO operating as Southport Capital Management

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Livingston Group Asset Management CO operating as Southport Capital Management cut its stake in World Acceptance Corp. (NASDAQ:WRLD) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,126 shares of the credit services provider’s stock after selling 408 shares during the period. World Acceptance accounts for 1.0% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 19th largest position. Livingston Group Asset Management CO operating as Southport Capital Management owned approximately 0.20% of World Acceptance worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prescott Investors Profit Sharing Trust bought a new stake in World Acceptance during the fourth quarter valued at $6,917,000. BlackRock Inc. increased its stake in World Acceptance by 6.1% during the fourth quarter. BlackRock Inc. now owns 967,506 shares of the credit services provider’s stock valued at $98,938,000 after purchasing an additional 55,747 shares during the last quarter. Phoenician Capital LLC bought a new stake in World Acceptance during the fourth quarter valued at $3,579,000. Renaissance Technologies LLC increased its stake in World Acceptance by 23.7% during the third quarter. Renaissance Technologies LLC now owns 177,525 shares of the credit services provider’s stock valued at $20,302,000 after purchasing an additional 34,000 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in World Acceptance by 251.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 35,122 shares of the credit services provider’s stock valued at $3,592,000 after purchasing an additional 25,117 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. ValuEngine upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Zacks Investment Research upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Finally, BMO Capital Markets lowered their target price on shares of World Acceptance to $66.00 and set an “underperform” rating for the company in a research note on Friday, February 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $94.00.

Shares of World Acceptance stock traded down $0.54 during trading on Wednesday, hitting $126.74. 2,253 shares of the stock were exchanged, compared to its average volume of 57,092. The firm has a market capitalization of $1.20 billion, a P/E ratio of 16.51 and a beta of 2.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 18.52 and a current ratio of 18.51. World Acceptance Corp. has a 12 month low of $89.78 and a 12 month high of $128.61.

World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, January 31st. The credit services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.58). The firm had revenue of $137.64 million for the quarter, compared to the consensus estimate of $130.16 million. World Acceptance had a return on equity of 12.73% and a net margin of 5.27%. As a group, sell-side analysts forecast that World Acceptance Corp. will post 7.48 earnings per share for the current year.

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World Acceptance Profile

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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

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