Stock Worth Mentioning: After Today’s Big Increase, Is World Acceptance Corp.’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Today's Big Increase, Is World Acceptance Corp.'s Near Term Analysis Positive?

The stock of World Acceptance Corp. (NASDAQ:WRLD) is a huge mover today! The stock increased 6.55% or $2.86 during the last trading session, hitting $46.54. About 106,322 shares traded hands or 20.23% up from the average. World Acceptance Corp. (NASDAQ:WRLD) has risen 29.81% since April 5, 2016 and is uptrending. It has outperformed by 27.85% the S&P500.
The move comes after 8 months positive chart setup for the $409.11 million company. It was reported on Nov, 7 by Barchart.com. We have $132.17 PT which if reached, will make NASDAQ:WRLD worth $752.76M more.

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. The stock of World Acceptance Corp. (NASDAQ:WRLD) earned “Buy” rating by Janney Capital on Tuesday, August 11. The stock of World Acceptance Corp. (NASDAQ:WRLD) earned “Mkt Perform” rating by FBR Capital on Friday, July 24.

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 decreased to 0.77 in Q2 2016. Its down 0.52, from 1.29 in 2016Q1. The ratio dived, 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.
Comerica State Bank has 0% invested in the company for 8,384 shares. Alliancebernstein Limited Partnership holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 10,418 shares. Vanguard Grp holds 0% or 1.00M shares in its portfolio. The Illinois-based Lsv Asset has invested 0.04% in World Acceptance Corp. (NASDAQ:WRLD). Prudential Finance Incorporated has 40,656 shares for 0% of their US portfolio. Goldman Sachs Group Inc holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 25,709 shares. California Employees Retirement Sys accumulated 85,900 shares or 0.01% of the stock. Spark Limited Liability Corp last reported 22,500 shares in the company. Moreover, National Bank Of Montreal Can has 0% invested in World Acceptance Corp. (NASDAQ:WRLD) for 373 shares. Wellington Mgmt Grp Ltd Liability Partnership has invested 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD). Schwab Charles Invest Mngmt holds 0.01% or 115,281 shares in its portfolio. Cornerstone Cap Mgmt Ltd last reported 0% of its portfolio in the stock. D E Shaw & Incorporated has 0% invested in the company for 46,992 shares. Group One Trading Limited Partnership accumulated 0% or 18 shares. Convergence Investment Limited Co holds 0.09% or 14,301 shares in its portfolio.

More notable recent World Acceptance Corp. (NASDAQ:WRLD) news were published by: Seekingalpha.com which released: “World Acceptance Corp’s (WRLD) CEO Janet Lewis Matricciani on Q3 2016 Results …” on November 06, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on December 21, 2009, Marketwatch.com published: “World Acceptance Corp. plunges on possible CFPB action” on August 10, 2015. More interesting news about World Acceptance Corp. (NASDAQ:WRLD) were released by: Valuewalk.com and their article: “Whitney Tilson: Why World Acceptance Corp. Is Going To Zero” published on September 03, 2015 as well as Seekingalpha.com‘s news article titled: “World Acceptance: Parsing The Q3 2016 Earnings Call” with publication date: February 17, 2016.

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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