Market Runner: Is Selling World Acceptance Corp. Here a Winning Strategy?

Market Runner: Is Selling World Acceptance Corp. Here a Winning Strategy?

The stock of World Acceptance Corp. (NASDAQ:WRLD) is a huge mover today! The stock decreased 2.60% or $1.21 on November 8, hitting $45.33. About 102,431 shares traded hands or 15.88% up from the average. World Acceptance Corp. (NASDAQ:WRLD) has risen 40.90% since April 6, 2016 and is uptrending. It has outperformed by 38.95% the S&P500.
The move comes after 9 months negative chart setup for the $428.24M company. It was reported on Nov, 8 by Barchart.com. We have $39.89 PT which if reached, will make NASDAQ:WRLD worth $51.39M 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. The stock of World Acceptance Corp. (NASDAQ:WRLD) has “Buy” rating given on Tuesday, August 11 by Janney Capital. 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 2016 Q2. 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.
Numeric Limited Com owns 70,162 shares or 0.03% of their US portfolio. Dimensional Fund Advisors Lp holds 0.01% or 324,317 shares in its portfolio. Great West Life Assurance Can holds 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 568 shares. Martingale Asset Management Ltd Partnership has 0.01% invested in the company for 12,931 shares. Blackrock accumulated 2,174 shares or 0% of the stock. Goodnow Investment Grp Inc Ltd Liability accumulated 451,568 shares or 4.8% of the stock. Teachers Retirement System Of The State Of Kentucky has 5,200 shares for 0% of their US portfolio. Rhumbline Advisers has invested 0% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD). Livingston Gru Asset Mgmt (Operating As Southport Management) owns 36,674 shares or 0.93% of their US portfolio. Group One Trading Limited Partnership holds 18 shares or 0% of its portfolio. Smith Thomas W has 93,950 shares for 6.16% of their US portfolio. Ellington Mngmt Ltd Liability Company holds 0.49% of its portfolio in World Acceptance Corp. (NASDAQ:WRLD) for 7,700 shares. Blackrock Gp last reported 0% of its portfolio in the stock. Capstone Asset Management Communication holds 6,176 shares or 0.01% of its portfolio. Deutsche State Bank Ag reported 60,646 shares or 0% of all its holdings.

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, Quotes.Wsj.com published: “News World Acceptance Corp.WRLD” on February 01, 2002. More interesting news about World Acceptance Corp. (NASDAQ:WRLD) were released by: Marketwatch.com and their article: “World Acceptance Corp. plunges on possible CFPB action” published on August 10, 2015 as well as Valuewalk.com‘s news article titled: “Whitney Tilson: Why World Acceptance Corp. Is Going To Zero” with publication date: September 03, 2015.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment