UBS Group AG raised its stake in World Acceptance Corporation (NASDAQ:WRLD) by 239.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,933 shares of the credit services provider’s stock after buying an additional 8,422 shares during the period. UBS Group AG owned about 0.14% of World Acceptance Corporation worth $618,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in World Acceptance Corporation during the fourth quarter valued at approximately $205,000. Highbridge Capital Management LLC bought a new position in World Acceptance Corporation during the fourth quarter valued at approximately $230,000. United Services Automobile Association acquired a new position in shares of World Acceptance Corporation during the first quarter worth about $231,000. Seizert Capital Partners LLC acquired a new position in shares of World Acceptance Corporation during the first quarter worth about $250,000. Finally, State of Tennessee Treasury Department boosted its position in shares of 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 in the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

World Acceptance Corporation (NASDAQ WRLD) traded down 0.01% on Friday, reaching $73.00. 88,056 shares of the company traded hands. The stock has a market capitalization of $635.47 million, a PE ratio of 9.16 and a beta of 2.34. The firm has a 50 day moving average of $76.44 and a 200-day moving average of $65.09. World Acceptance Corporation has a one year low of $42.01 and a one year high of $88.26.

World Acceptance Corporation (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $2.02 by $0.54. The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $125.74 million. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. During the same period last year, the firm earned $1.89 earnings per share. On average, analysts anticipate that World Acceptance Corporation will post $7.48 EPS for the current year.

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WRLD has been the subject of a number of recent research reports. Jefferies Group LLC restated a “sell” rating and issued a $40.00 price objective on shares of World Acceptance Corporation in a research note on Monday, May 8th. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet upgraded shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reissued a “sell” rating and set a $62.00 price objective on shares of World Acceptance Corporation in a report on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $61.50.

In other news, EVP Daniel Clinton Dyer sold 1,800 shares of World Acceptance Corporation stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $81.00, for a total value of $145,800.00. Following the sale, the executive vice president now directly owns 21,924 shares in the company, valued at approximately $1,775,844. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jackie C. Willyard sold 1,380 shares of World Acceptance Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $82.83, for a total value of $114,305.40. Following the completion of the sale, the senior vice president now owns 4,360 shares in the company, valued at $361,138.80. The disclosure for this sale can be found here. 27.30% of the stock is owned by insiders.

About World Acceptance Corporation

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 Corporation (NASDAQ:WRLD)

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