World Acceptance Corp. (NASDAQ:WRLD) shares shot up 5% during mid-day trading on Wednesday . The company traded as high as $46.39 and last traded at $46.34, with a volume of 80,523 shares changing hands. The stock had previously closed at $44.12.

Separately, Zacks Investment Research raised World Acceptance Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, March 30th.

The company’s 50 day moving average price is $42.02 and its 200 day moving average price is $38.28. The stock has a market cap of $402.34 million and a P/E ratio of 4.59.

World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, May 5th. The company reported $3.29 EPS for the quarter, missing the Zacks’ consensus estimate of $3.71 by $0.42. During the same period last year, the firm earned $5.34 EPS. The firm earned $142.30 million during the quarter, compared to the consensus estimate of $138.85 million. The business’s revenue was down 15.0% compared to the same quarter last year. Equities research analysts anticipate that World Acceptance Corp. will post $8.69 EPS for the current year.

Other hedge funds and institutional investors recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of World Acceptance Corp. by 80.8% in the fourth quarter. First Trust Advisors LP now owns 93,299 shares of the company’s stock valued at $3,461,000 after buying an additional 41,703 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of World Acceptance Corp. by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 55,769 shares of the company’s stock valued at $2,069,000 after buying an additional 2,126 shares in the last quarter. California Public Employees Retirement System raised its position in shares of World Acceptance Corp. by 14.5% in the fourth quarter. California Public Employees Retirement System now owns 66,200 shares of the company’s stock valued at $2,456,000 after buying an additional 8,400 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of World Acceptance Corp. by 63.1% in the fourth quarter. Morgan Stanley now owns 32,023 shares of the company’s stock valued at $1,189,000 after buying an additional 12,390 shares in the last quarter.

World Acceptance Corporation is a small-loan consumer finance company. The Company offers short-term small loans, medium-term larger loans, related credit insurance products and ancillary products and services to individuals who have limited access to other sources of consumer credit. The Company also offers income tax return preparation services and electronic filing program to its customer base and to others.

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