Stock of The Day: What’s Propelling World Acceptance Corp. to Decline So Much?

Stock of The Day: What's Propelling World Acceptance Corp. to Decline So Much?

The stock of World Acceptance Corp. (NASDAQ:WRLD) is a huge mover today! About 76,691 shares traded hands. World Acceptance Corp. (NASDAQ:WRLD) has risen 62.83% since April 18, 2016 and is uptrending. It has outperformed by 58.40% the S&P500.
The move comes after 5 months negative chart setup for the $530.66M company. It was reported on Nov, 18 by Barchart.com. We have $53.93 PT which if reached, will make NASDAQ:WRLD worth $37.15M less.

World Acceptance Corp. (NASDAQ:WRLD) Ratings Coverage

Out of 3 analysts covering World Acceptance (NASDAQ:WRLD), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. World Acceptance has been the topic of 3 analyst reports since July 24, 2015 according to StockzIntelligence Inc. FBR Capital maintained World Acceptance Corp. (NASDAQ:WRLD) on Friday, July 24 with “Mkt Perform” rating. Janney Capital downgraded the shares of WRLD in a report on Tuesday, August 11 to “Buy” rating.

According to Zacks Investment Research, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals.”

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.40, from 0.77 in 2016Q1. The ratio increased, as 15 funds sold all World Acceptance Corp. shares owned while 41 reduced positions. 14 funds bought stakes while 29 increased positions. They now own 8.17 million shares or 8.15% less from 8.90 million shares in 2016Q1.
California State Teachers Retirement Sys accumulated 0% or 12,678 shares. State Street Corporation accumulated 159,927 shares or 0% of the stock. Teachers Advsrs has 0% invested in the company for 9,855 shares. Alliancebernstein L P has 0% invested in the company for 10,418 shares. American Gru last reported 0% of its portfolio in the stock. Lsv Asset owns 438,669 shares or 0.04% of their US portfolio. Convergence Inv Ptnrs Limited Liability accumulated 0.09% or 14,301 shares. Grp One Trading Ltd Partnership holds 0% or 18 shares in its portfolio. Wells Fargo And Com Mn holds 3,304 shares or 0% of its portfolio. Metropolitan Life New York holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 5,388 shares. Wellington Mngmt Grp Llp last reported 0% of its portfolio in the stock. Prescott General Prns Limited Liability Company holds 6.06% or 2.04 million shares in its portfolio. Spark Management Limited Company, a New York-based fund reported 22,500 shares. Prudential Fincl Inc has 40,656 shares for 0% of their US portfolio. Highbridge Cap Mgmt Ltd Limited Liability Company reported 10,436 shares or 0.01% of all its holdings.

More recent World Acceptance Corp. (NASDAQ:WRLD) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009. Also Seekingalpha.com published the news titled: “World Acceptance Corp’s (WRLD) CEO Janet Lewis Matricciani on Q3 2016 Results …” on November 06, 2016. Valuewalk.com‘s news article titled: “Whitney Tilson: Why World Acceptance Corp. Is Going To Zero” with publication date: September 03, 2015 was also an interesting one.

WRLD Company Profile

World Acceptance Corporation, incorporated on February 22, 1973, operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Firm offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary services and products to individuals. The Firm 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. The Firm generally serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses and credit card lenders. In the United States branches, the Company also offers income tax return preparation services to its loan clients and other individuals.

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