World Acceptance Corp. (WRLD) : Goodnow Investment Group reduced its stake in World Acceptance Corp. by 13.43% during the most recent quarter end. The investment management company now holds a total of 451,568 shares of World Acceptance Corp. which is valued at $20,614,079 after selling 70,050 shares in World Acceptance Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.World Acceptance Corp. makes up approximately 4.51% of Goodnow Investment Group’s portfolio.
Other Hedge Funds, Including , Martin Co Inc Tn sold out all of its stake in WRLD during the most recent quarter. The investment firm sold 6,925 shares of WRLD which is valued $316,126. Convergence Investment Partners added WRLD to its portfolio by purchasing 14,301 company shares during the most recent quarter which is valued at $652,841. World Acceptance Corp. makes up approx 0.09% of Convergence Investment Partners’s portfolio. First Trust Advisors Lp sold out all of its stake in WRLD during the most recent quarter. The investment firm sold 55,528 shares of WRLD which is valued $2,525,969.California Public Employees Retirement System boosted its stake in WRLD in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 85,900 shares of World Acceptance Corp. which is valued at $3,763,279. World Acceptance Corp. makes up approx 0.01% of California Public Employees Retirement System’s portfolio.
World Acceptance Corp. opened for trading at $48.11 and hit $50.29 on the upside on Thursday, eventually ending the session at $49.35, with a gain of 2.58% or 1.24 points. The heightened volatility saw the trading volume jump to 2,64,704 shares. Company has a market cap of $434 M.
On the company’s financial health, World Acceptance Corp. reported $1.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $2.22. The company had revenue of $127.10 million for the quarter, compared to analysts expectations of $130.99 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.71 EPS.
World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans medium-term larger loans related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others. The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems subsidiary. The Company operates through the consumer finance segment. The Company as an agent for an unaffiliated insurance company markets and sells credit life credit accident and health credit property and unemployment insurance in connection with its loans in selected states where the sale of such insurance is permitted by law. The Company also offers automobile club memberships to its borrowers.