Capstone Asset Management Co. Purchases New Stake in World Acceptance Corporation (WRLD)
Capstone Asset Management Co. purchased a new position in shares of World Acceptance Corporation (NASDAQ:WRLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,596 shares of the credit services provider’s stock, valued at approximately $269,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in World Acceptance Corporation during the first quarter worth $217,000. Highbridge Capital Management LLC bought a new position in World Acceptance Corporation during the fourth quarter worth $230,000. United Services Automobile Association bought a new position in World Acceptance Corporation during the first quarter worth $231,000. Seizert Capital Partners LLC bought a new position in World Acceptance Corporation during the first quarter worth $250,000. Finally, State of Tennessee Treasury Department increased its position in World Acceptance Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 5,614 shares of the credit services provider’s stock worth $291,000 after buying an additional 847 shares during the period. 96.93% of the stock is currently owned by institutional investors.
Shares of World Acceptance Corporation (NASDAQ:WRLD) traded down 0.409% during mid-day trading on Thursday, reaching $74.265. The company had a trading volume of 21,074 shares. World Acceptance Corporation has a one year low of $42.01 and a one year high of $88.26. The firm has a market capitalization of $646.48 million, a price-to-earnings ratio of 9.322 and a beta of 2.34. The stock has a 50 day moving average of $76.55 and a 200-day moving average of $64.86.
World Acceptance Corporation (NASDAQ:WRLD) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. The business had revenue of $128.90 million during the quarter, compared to analyst estimates of $125.74 million. During the same quarter in the prior year, the company earned $1.89 EPS. Equities analysts predict that World Acceptance Corporation will post $7.48 EPS for the current year.
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A number of research analysts have recently weighed in on the company. BidaskClub downgraded World Acceptance Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised World Acceptance Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Saturday, May 13th. BMO Capital Markets reissued a “sell” rating and issued a $62.00 price target on shares of World Acceptance Corporation in a research note on Friday, June 16th. TheStreet raised World Acceptance Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, May 9th. Finally, ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $61.50.
In related news, EVP Daniel Clinton Dyer sold 1,800 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $81.00, for a total value of $145,800.00. Following the sale, the executive vice president now owns 21,924 shares in the company, valued at approximately $1,775,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jackie C. Willyard sold 1,380 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $82.83, for a total transaction of $114,305.40. Following the completion of the sale, the senior vice president now owns 4,360 shares in the company, valued at approximately $361,138.80. The disclosure for this sale can be found here. Corporate insiders own 27.30% of the company’s stock.
World Acceptance Corporation 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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