Northern Trust Corp lifted its stake in World Acceptance Corp. (NASDAQ:WRLD) by 6.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 157,229 shares of the credit services provider’s stock after acquiring an additional 10,211 shares during the quarter. Northern Trust Corp’s holdings in World Acceptance were worth $17,455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of WRLD. Piedmont Investment Advisors LLC purchased a new position in World Acceptance in the second quarter valued at about $158,000. Metropolitan Life Insurance Co. NY boosted its holdings in World Acceptance by 27.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock valued at $265,000 after purchasing an additional 510 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in World Acceptance in the second quarter valued at about $498,000. RBO & Co. LLC purchased a new position in World Acceptance in the second quarter valued at about $500,000. Finally, SG Americas Securities LLC boosted its holdings in World Acceptance by 175.2% in the second quarter. SG Americas Securities LLC now owns 5,787 shares of the credit services provider’s stock valued at $642,000 after purchasing an additional 3,684 shares during the last quarter. 93.93% of the stock is owned by institutional investors.
Shares of WRLD opened at $108.67 on Friday. The stock has a market capitalization of $892.82 million, a P/E ratio of 14.09 and a beta of 2.93. World Acceptance Corp. has a one year low of $71.02 and a one year high of $125.14. The company has a quick ratio of 14.95, a current ratio of 14.95 and a debt-to-equity ratio of 0.46.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Thursday, November 1st. The credit services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $127.10 million during the quarter, compared to the consensus estimate of $123.30 million. World Acceptance had a return on equity of 14.06% and a net margin of 3.52%. World Acceptance’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, research analysts anticipate that World Acceptance Corp. will post 7.86 EPS for the current year.
A number of research analysts recently commented on the company. BMO Capital Markets reduced their price target on World Acceptance from $82.00 to $79.00 and set an “underperform” rating for the company in a report on Monday, July 23rd. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised World Acceptance from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Finally, TheStreet raised World Acceptance from a “c” rating to a “b-” rating in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $91.00.
World Acceptance Company Profile
World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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