World Acceptance Corporation (WRLD) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. reduced its stake in shares of World Acceptance Corporation (NASDAQ:WRLD) by 63.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,362 shares of the credit services provider’s stock after selling 48,438 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.33% of World Acceptance Corporation worth $1,467,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WRLD. Numeric Investors LLC raised its position in shares of World Acceptance Corporation by 19.1% in the fourth quarter. Numeric Investors LLC now owns 198,467 shares of the credit services provider’s stock valued at $12,757,000 after buying an additional 31,882 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of World Acceptance Corporation by 41.3% in the fourth quarter. Renaissance Technologies LLC now owns 66,400 shares of the credit services provider’s stock valued at $4,268,000 after buying an additional 19,400 shares during the last quarter. Oxford Asset Management raised its position in shares of World Acceptance Corporation by 2.5% in the first quarter. Oxford Asset Management now owns 61,615 shares of the credit services provider’s stock valued at $3,190,000 after buying an additional 1,520 shares during the last quarter. Allianz Asset Management AG raised its position in shares of World Acceptance Corporation by 91.0% in the fourth quarter. Allianz Asset Management AG now owns 56,124 shares of the credit services provider’s stock valued at $3,608,000 after buying an additional 26,747 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of World Acceptance Corporation by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 45,905 shares of the credit services provider’s stock valued at $2,377,000 after buying an additional 1,400 shares during the last quarter. 98.68% of the stock is owned by hedge funds and other institutional investors.

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

World Acceptance Corporation (NASDAQ:WRLD) opened at 73.88 on Friday. The firm’s 50-day moving average is $75.19 and its 200-day moving average is $60.57. The stock has a market capitalization of $646.67 million, a price-to-earnings ratio of 8.82 and a beta of 2.26. World Acceptance Corporation has a 52-week low of $39.90 and a 52-week high of $88.26.

World Acceptance Corporation (NASDAQ:WRLD) last announced its quarterly earnings results on Tuesday, May 9th. The credit services provider reported $3.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.85. World Acceptance Corporation had a return on equity of 17.26% and a net margin of 13.84%. The firm had revenue of $144.60 million during the quarter, compared to the consensus estimate of $131.88 million. During the same period in the prior year, the company posted $3.42 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that World Acceptance Corporation will post $8.14 earnings per share for the current year.

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Several equities analysts recently commented on WRLD shares. Jefferies Group LLC reaffirmed a “sell” rating and issued a $40.00 price objective on shares of World Acceptance Corporation in a research report on Monday, May 8th. ValuEngine raised shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. TheStreet raised shares of World Acceptance Corporation from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of World Acceptance Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $62.00 price objective on shares of World Acceptance Corporation in a research report on Friday. Three research analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.50.

In other World Acceptance Corporation news, SVP Tara Elizabeth Bullock sold 390 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $80.08, for a total value of $31,231.20. Following the completion of the sale, the senior vice president now owns 7,932 shares in the company, valued at $635,194.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jackie C. Willyard sold 1,380 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $82.83, for a total value of $114,305.40. Following the completion of the sale, the senior vice president now owns 4,360 shares of the company’s stock, valued at approximately $361,138.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,570 shares of company stock valued at $291,337. 28.20% of the stock is owned by company insiders.

About World Acceptance Corporation

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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