Fintel reports that on July 24, 2023, BMO Capital maintained coverage of World Acceptance (NASDAQ:WRLD) with a Underperform recommendation.
Analyst Price Forecast Suggests 59.64% Downside
As of July 6, 2023, the average one-year price target for World Acceptance is 60.86. The forecasts range from a low of 35.35 to a high of $92.40. The average price target represents a decrease of 59.64% from its latest reported closing price of 150.81.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for World Acceptance is 668MM, an increase of 11.17%. The projected annual non-GAAP EPS is 8.48.
What is the Fund Sentiment?
There are 324 funds or institutions reporting positions in World Acceptance. This is an increase of 2 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to WRLD is 0.14%, a decrease of 19.93%. Total shares owned by institutions decreased in the last three months by 1.05% to 5,727K shares. 
The put/call ratio of WRLD is 0.19, indicating a bullish outlook.
What are Other Shareholders Doing?
Prescott General Partners holds 2,037K shares representing 32.65% ownership of the company. No change in the last quarter.
CAS Investment Partners holds 756K shares representing 12.11% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 242K shares representing 3.88% ownership of the company. In it's prior filing, the firm reported owning 245K shares, representing a decrease of 1.17%. The firm increased its portfolio allocation in WRLD by 21.31% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 137K shares representing 2.20% ownership of the company. No change in the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 105K shares representing 1.69% ownership of the company. In it's prior filing, the firm reported owning 105K shares, representing an increase of 0.62%. The firm increased its portfolio allocation in WRLD by 21.99% over the last quarter.
World Acceptance Background Information
(This description is provided by the company.)
Founded in 1962, Greenville, S.C. -based World Acceptance Corporation is one of North America's largest small-loan consumer finance companies. The company offers short and medium-term installment loans, related credit insurance and a range of ancillary financial products and services to individuals that may include those with limited access to other sources of consumer credit.
Additional reading:
- World Acceptance Corporation Reports Fiscal 2024 First Quarter Results
- TENTH Amendment to Amended and Restated Revolving Credit Agreement
- 116549.01049/132164524v.4 AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT1 BY AND AMONG WORLD ACCEPTANCE CORPORATION, THE LENDERS PARTIES HERETO, AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT BANK OF MONTREA
- State of Incorporation/ Establishment
- World Acceptance Corporation Reports Fiscal 2023 Fourth Quarter Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
