Bowling Portfolio Management LLC Acquires Shares of 12,094 World Acceptance Corp. (WRLD)

Bowling Portfolio Management LLC Acquires Shares of 12,094 World Acceptance Corp. (WRLD)

Bowling Portfolio Management LLC acquired a new stake in shares of World Acceptance Corp. (NASDAQ:WRLD) during the first quarter, Holdings Channel reports. The firm acquired 12,094 shares of the credit services provider’s stock, valued at approximately $626,000. Bowling Portfolio Management LLC owned about 0.14% of World Acceptance Corp. at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WRLD. Pacad Investment Ltd. raised its position in shares of World Acceptance Corp. by 47.4% in the fourth quarter. Pacad Investment Ltd. now owns 2,800 shares of the credit services provider’s stock valued at $180,000 after buying an additional 900 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of World Acceptance Corp. during the fourth quarter valued at $205,000. Highbridge Capital Management LLC acquired a new position in shares of World Acceptance Corp. during the fourth quarter valued at $230,000. Strategic Investment Management LLC acquired a new position in shares of World Acceptance Corp. during the fourth quarter valued at $261,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of World Acceptance Corp. by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,230 shares of the credit services provider’s stock valued at $208,000 after buying an additional 20 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

World Acceptance Corp. (NASDAQ:WRLD) traded up 2.11% during trading on Friday, hitting $56.07. 113,610 shares of the stock were exchanged. The firm’s 50 day moving average price is $51.99 and its 200-day moving average price is $54.87. The stock has a market cap of $486.07 million, a price-to-earnings ratio of 6.87 and a beta of 1.86. World Acceptance Corp. has a 1-year low of $37.80 and a 1-year high of $68.83.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of World Acceptance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. BMO Capital Markets reaffirmed a “sell” rating and set a $40.00 price objective on shares of World Acceptance Corp. in a research report on Tuesday, April 11th. Stephens lowered shares of World Acceptance Corp. from an “equal weight” rating to an “underweight” rating and set a $55.00 price objective on the stock. in a research report on Thursday, January 12th. Finally, Jefferies Group LLC lowered shares of World Acceptance Corp. from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $53.00 in a research report on Tuesday, January 10th.

About World Acceptance Corp.

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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