World Acceptance Corp. (WRLD) Position Increased by California Public Employees Retirement System
California Public Employees Retirement System raised its stake in shares of World Acceptance Corp. (NASDAQ:WRLD) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,000 shares of the company’s stock after buying an additional 1,100 shares during the period. California Public Employees Retirement System owned approximately 1.00% of World Acceptance Corp. worth $4,266,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of WRLD. Royal Bank of Canada raised its position in World Acceptance Corp. by 58.3% in the second quarter. Royal Bank of Canada now owns 14,718 shares of the company’s stock valued at $671,000 after buying an additional 5,423 shares during the period. Public Employees Retirement System of Ohio raised its position in World Acceptance Corp. by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,570 shares of the company’s stock valued at $163,000 after buying an additional 491 shares during the period. Schwab Charles Investment Management Inc. raised its position in World Acceptance Corp. by 17.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 115,281 shares of the company’s stock valued at $5,257,000 after buying an additional 16,722 shares during the period. Numeric Investors LLC raised its position in World Acceptance Corp. by 431.5% in the second quarter. Numeric Investors LLC now owns 70,162 shares of the company’s stock valued at $3,199,000 after buying an additional 56,962 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in World Acceptance Corp. during the second quarter valued at approximately $476,000. 95.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of World Acceptance Corp. (NASDAQ:WRLD) traded down 2.61% during trading on Monday, hitting $58.17. The company’s stock had a trading volume of 66,457 shares. The company has a market cap of $507.71 million, a PE ratio of 6.64 and a beta of 1.67. World Acceptance Corp. has a 52 week low of $26.87 and a 52 week high of $61.76. The firm’s 50 day moving average price is $51.70 and its 200-day moving average price is $47.33.
World Acceptance Corp. (NASDAQ:WRLD) last posted its earnings results on Thursday, November 3rd. The company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.03. The business had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.86 million. World Acceptance Corp. had a net margin of 14.02% and a return on equity of 19.14%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.22 EPS. On average, analysts predict that World Acceptance Corp. will post $8.08 earnings per share for the current year.
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Several research firms recently commented on WRLD. BMO Capital Markets lowered World Acceptance Corp. from a “market perform” rating to an “underperform” rating and set a $44.00 target price on the stock. in a report on Friday, November 18th. They noted that the move was a valuation call. Stephens raised World Acceptance Corp. from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 9th. Finally, Zacks Investment Research raised World Acceptance Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th.
About World Acceptance Corp.
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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