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

Separately, Zacks Investment Research lowered shares of World Acceptance Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th.

The stock has a market cap of $409.75 million and a price-to-earnings ratio of 4.68. The stock has a 50-day moving average of $42.33 and a 200-day moving average of $38.39.

World Acceptance Corp. (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, May 5th. The company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.71 by $0.42. The firm had revenue of $142.30 million for the quarter, compared to analyst estimates of $138.85 million. During the same period last year, the business posted $5.34 earnings per share. World Acceptance Corp.’s revenue for the quarter was down 15.0% on a year-over-year basis. On average, equities research analysts anticipate that World Acceptance Corp. will post $8.69 EPS for the current fiscal year.

Several institutional investors recently modified their holdings of WRLD. 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. 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. 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. Finally, 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.

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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