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Last $61.91 USD
Change Today +0.53 / 0.86%
Volume 531.4K
As of 8:10 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

world acceptance corp (WRLD) Snapshot

Open
$60.73
Previous Close
$61.38
Day High
$63.06
Day Low
$60.37
52 Week High
05/8/15 - $96.23
52 Week Low
06/29/15 - $60.37
Market Cap
556.7M
Average Volume 10 Days
490.6K
EPS TTM
$10.74
Shares Outstanding
9.0M
EX-Date
--
P/E TM
5.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for WORLD ACCEPTANCE CORP (WRLD)

world acceptance corp (WRLD) Related Businessweek News

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world acceptance corp (WRLD) Details

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It provides automobile club memberships to its borrowers; income tax return preparation and electronic filing services; and electronic products and appliances to its borrowers. In addition, the company markets and sells credit life, credit accident and health, credit property, and unemployment insurance in connection with its loans; and markets computer software and related services to financial services companies. It serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses, and credit card lenders. As of March 31, 2015, the company operates 1,320 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin, and Mexico. World Acceptance Corporation was founded in 1962 and is headquartered in Greenville, South Carolina.

4,643 Employees
Last Reported Date: 06/2/15
Founded in 1962

world acceptance corp (WRLD) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $443.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $60.0K
Chief Operating Officer and Director
Total Annual Compensation: $65.6K
Senior Vice President of Mexico
Total Annual Compensation: $234.1K
Compensation as of Fiscal Year 2014.

world acceptance corp (WRLD) Key Developments

World Acceptance Corporation Enters into Ninth Amendment to the Amended and Restated Revolving Credit Agreement; Announces Resignation of James D. Walters as Senior Vice President of the Company and Southern Division

On June 23, 2015, World Acceptance Corporation entered into a ninth amendment to the Amended and Restated Revolving Credit Agreement, originally dated as of September 17, 2010, among the company, the lenders named therein, and Wells Fargo Bank, National Association, as successor Administrative Agent and successor Collateral Agent. The Ninth Amendment amends the Revolving Credit Agreement to, among other things: extend the maturity date under the Revolving Credit Agreement from June 15, 2016 to June 15, 2017; reduce the commitments under the Revolving Credit Agreement from $630.0 million to $600.0 million and provide for future reduction of the commitments to $500.0 million on March 31, 2016 and to $400.0 million on March 31, 2017; increase the per annum interest rate on borrowings under the Revolving Credit Agreement from 3.0% to 4.0%; fix the commitment fee payable on the average daily unused portion of the commitments under the Revolving Credit Agreement at 0.50% per annum; reduce the maximum ratio of total debt to consolidated adjusted net worth from 3.25 to 1.0 to 2.75 to 1.0; prevent the company from paying dividends or repurchasing or redeeming any capital stock without the prior written consent of lenders holding at least 66-2/3% of the aggregate commitments under the Revolving Credit Agreement; permit the Administrative Agent to establish reserves against the borrowing base under the Revolving Credit Agreement; require the company to notify the Administrative Agent of certain governmental or regulatory actions; and provide that certain material governmental or regulatory injunctions, judgments, rulings or orders will, if not discharged, bonded or otherwise stayed within 60 days, result in an event of default under the Revolving Credit Agreement. On June 22, 2015, the company announced that James D. Walters, Senior Vice President of the company, resigned from his position as Senior Vice President, Southern Division to pursue other opportunities.

World Acceptance Corp. Appoints Janet Lewis Matricciani as its Director

on June 2, 2015, World Acceptance Corp. announced that its Board of Directors appointed Ms. Janet Lewis Matricciani, the company's current Chief Operating Officer, as a director of the company effective June 10, 2015 to fill a vacancy on the Board of Directors.

World Acceptance Corporation Announces Executive Changes, Effective from September 30, 2015

World Acceptance Corp. announced that A. Alexander (Sandy) McLean, III will retire as CEO and as a director of the company effective from September 30, 2015 after 26 years of service. Pursuant to the company’s succession planning, the Board of Directors intends to appoint Ms. Janet Lewis Matricciani, the company’s current Chief Operating Officer, to succeed Mr. McLean as CEO effective upon his retirement. In the meantime, Ms. Matricciani will be named to the Board of Directors to fill a current vacancy. Ms. Matricciani has served as Chief Operating Officer since January 2014. Mr. Ken R. Bramlett, Jr., the company’s current Lead Independent Director who has served on the Board since 1993, will assume the role of Chairman of the Board effective upon Mr. McLean’s retirement.

 

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Industry Analysis

WRLD

Industry Average

Valuation WRLD Industry Range
Price/Earnings 5.2x
Price/Sales 0.9x
Price/Book 1.7x
Price/Cash Flow 4.9x
TEV/Sales 0.0x
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