SG Americas Securities LLC reduces its equity position in World Acceptance Co. (NASDAQ:WRLD)



SG Americas Securities LLC reduced its stake in shares of World Acceptance Co. (NASDAQ: WRLD – Get Rating) by 40.7% in the first quarter, HoldingsChannel reports. The company held 2,847 shares of the credit service provider after selling 1,952 shares during the quarter. SG Americas Securities LLC’s holdings in World Acceptance were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. The Public Sector Pension Investment Board increased its position in World Acceptance by 0.8% during the fourth quarter. The Public Sector Pension Investment Board now owns 8,591 shares of the credit service provider worth $2,108,000 after buying 70 more shares last quarter. The New York State Teachers Retirement System increased its holdings in World Acceptance by 1.1% in the first quarter. The New York State Teachers’ Retirement System now owns 9,371 shares of the credit service provider valued at $1,798,000 after purchasing an additional 100 shares during the period. Bank of America Corp DE increased its holdings in World Acceptance by 2.0% in the fourth quarter. Bank of America Corp DE now owns 8,825 shares of the credit service provider valued at $2,165,000 after purchasing an additional 176 shares during the period. CWM LLC purchased a new stake in World Acceptance in Q4 worth approximately $48,000. Finally, Greenline Partners LLC increased its stake in World Acceptance by 5.2% in the 4th quarter. Greenline Partners LLC now owns 8,121 shares of the credit service provider valued at $1,993,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 85.05% of the company’s shares.

Wall Street analysts predict growth

Several research companies have commented on WRLD. TheStreet upgraded World Acceptance from a ‘b-‘ rating to a ‘c+’ rating in a Thursday, May 12 report. Stephens lowered its price target on World Acceptance from $159.00 to $105.00 and set an “underweight” rating for the company in a Thursday, July 28 report. StockNews.com upgraded World Acceptance from a “hold” rating to a “buy” rating in a Monday, May 2 report. Finally, BMO Capital Markets lowered its price target on World Acceptance from $57.00 to $52.00 in a Friday, July 29 report.

Global acceptance stock up 3.2%

NASDAQ:WRLD shares opened at $122.23 on Friday. The company has a debt ratio of 2.19, a quick ratio of 15.36 and a current ratio of 17.67. World Acceptance Co. has a 1 year minimum of $98.96 and a 1 year maximum of $265.75. The stock has a market capitalization of $767.73 million, a P/E ratio of 27.04 and a beta of 1.48. The stock has a 50-day simple moving average of $119.47 and a 200-day simple moving average of $163.42.

World Acceptance (NASDAQ:WRLD – Get Rating) last released its results on Wednesday, July 27. The credit service provider reported ($1.53) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.85 per ($2.38). World Acceptance had a return on equity of 11.50% and a net margin of 4.81%. During the same period a year earlier, the company posted EPS of $2.44. Stock analysts expect World Acceptance Co. to post earnings per share of 4.56 for the current year.

About Global Acceptance

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World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.

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Want to see which other hedge funds hold WRLD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for World Acceptance Co. (NASDAQ:WRLD – Get Rating).

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



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