The Manufacturers Life Insurance Company trimmed its holdings in shares of World Acceptance Corp. (NASDAQ:WRLD) by 98.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,759 shares of the credit services provider’s stock after selling 232,112 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of World Acceptance worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in World Acceptance by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 1,078,168 shares of the credit services provider’s stock worth $55,827,000 after acquiring an additional 58,557 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in World Acceptance by 28.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after acquiring an additional 116,986 shares during the last quarter. State Street Corp boosted its stake in shares of World Acceptance by 1.9% in the 2nd quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after purchasing an additional 2,979 shares during the last quarter. Northern Trust Corp boosted its stake in shares of World Acceptance by 0.3% in the 2nd quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock valued at $10,968,000 after purchasing an additional 498 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of World Acceptance by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 128,603 shares of the credit services provider’s stock valued at $6,659,000 after purchasing an additional 13,467 shares during the last quarter. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

World Acceptance Corp. (NASDAQ WRLD) traded down $0.30 during trading hours on Friday, hitting $82.98. 133,800 shares of the stock were exchanged, compared to its average volume of 124,277. The company has a debt-to-equity ratio of 0.65, a quick ratio of 16.43 and a current ratio of 16.43. World Acceptance Corp. has a 12 month low of $42.01 and a 12 month high of $88.26. The company has a market cap of $734.92, a price-to-earnings ratio of 10.81 and a beta of 2.43.

World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.83). World Acceptance had a net margin of 12.02% and a return on equity of 13.90%. The firm had revenue of $131.00 million during the quarter, compared to the consensus estimate of $130.20 million. During the same period in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts expect that World Acceptance Corp. will post 7.24 EPS for the current year.

A number of equities research analysts have recently commented on WRLD shares. Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of World Acceptance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group reaffirmed a “sell” rating and issued a $60.00 price objective on shares of World Acceptance in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.00.

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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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