Barings LLC Purchases Shares of 2,500 World Acceptance Corp. (WRLD)

Barings LLC purchased a new position in shares of World Acceptance Corp. (NASDAQ:WRLD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,500 shares of the credit services provider’s stock, valued at approximately $207,000.

A number of other institutional investors also recently made changes to their positions in the stock. Koch Industries Inc. purchased a new position in World Acceptance in the second quarter worth $265,000. Dimensional Fund Advisors LP boosted its position in World Acceptance by 28.9% in the second quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after purchasing an additional 116,986 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of World Acceptance by 335.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock valued at $6,434,000 after buying an additional 59,755 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 valued at $55,827,000 after buying an additional 58,557 shares during the last quarter. Finally, Numeric Investors LLC lifted its position in shares of World Acceptance by 518.6% during the 2nd quarter. Numeric Investors LLC now owns 53,557 shares of the credit services provider’s stock valued at $4,012,000 after buying an additional 44,899 shares during the last quarter. Institutional investors and hedge funds own 92.10% of the company’s stock.

A number of research analysts have recently commented on WRLD shares. Zacks Investment Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Jefferies Group reaffirmed a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Finally, BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. World Acceptance presently has a consensus rating of “Hold” and an average target price of $59.00.

Shares of World Acceptance Corp. (WRLD) opened at $79.98 on Thursday. The stock has a market capitalization of $718.89, a PE ratio of 11.09 and a beta of 2.40. 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 1-year low of $42.01 and a 1-year high of $88.26.

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

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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.

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

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