The New York State Teachers’ Retirement System increased its stake in World Acceptance Co. (NASDAQ: WRLD – Get a rating) by 1.1% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor owned 9,371 shares of the credit service provider after purchasing an additional 100 shares during the period. The New York State Teachers’ Retirement System holdings in World Acceptance were worth $1,798,000 when it was last filed with the Securities and Exchange Commission.
Other major investors have also recently changed their positions in the company. CWM LLC bought a new position in shares of World Acceptance in the fourth quarter worth $48,000. Denali Advisors LLC bought a new position in World Acceptance stock in the fourth quarter worth $49,000. Cooper Creek Partners Management LLC purchased a new stock position in World Acceptance during the fourth quarter worth approximately $225,000. Everence Capital Management Inc. purchased a new stock position in World Acceptance during the first quarter, valued at approximately $234,000. Finally, Inspire Investing LLC bought a new position in World Acceptance stock during the first quarter worth approximately $237,000. 85.05% of the shares are held by institutional investors.
Performance of Global Acceptance Actions
NASDAQ WRLD opened at $103.99 on Tuesday. World Acceptance Co. has a 52-week minimum of $98.96 and a 52-week maximum of $265.75. The company has a 50-day simple moving average of $125.87 and a 200-day simple moving average of $171.99. The company has a debt ratio of 1.86, a quick ratio of 15.36 and a current ratio of 15.36. The company has a market capitalization of $652.85 million, a PE ratio of 12.25 and a beta of 1.56.
Worldwide Acceptance (NASDAQ: WRLD – Get a rating) last released its quarterly earnings data on Thursday, May 5. The credit service provider reported earnings per share (EPS) of $2.97 for the quarter, missing analyst consensus estimates of $6.88 per ($3.91). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. The company posted revenue of $166.33 million for the quarter, compared to $173.91 million expected by analysts. On average, research analysts predict that World Acceptance Co. will post EPS of 5.23 for the current year.
Changes to analyst ratings
WRLD has been the subject of a number of recent analyst reports. Stephens downgraded World Acceptance shares from an “equal weight” rating to an “underweight” rating and set a price target of $159.00 for the stock. in a Wednesday, June 29 research report. StockNews.com upgraded World Acceptance shares from a “hold” rating to a “buy” rating in a Monday, May 2 research report. Finally, TheStreet downgraded World Acceptance shares from a “b-” rating to a “c+” rating in a research report on Thursday, May 12.
Global Acceptance Company Profile
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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