Shares of World Acceptance Corp. (NASDAQ:WRLD) gapped up prior to trading on Tuesday . The stock had previously closed at $49.65, but opened at $49.91. World Acceptance Corp. shares last traded at $51.10, with a volume of 43,718 shares traded.

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

The company has a 50-day moving average price of $43.12 and a 200 day moving average price of $38.54. The company has a market cap of $444.36 million and a price-to-earnings ratio of 5.07.

World Acceptance Corp. (NASDAQ:WRLD) last released its earnings results on Thursday, May 5th. The company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates 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. The firm’s quarterly revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.34 earnings per share. On average, equities research analysts anticipate that World Acceptance Corp. will post $8.63 EPS for the current year.

A number of hedge funds have made changes to their positions in WRLD. First Trust Advisors LP boosted its stake 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 boosted its stake 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 boosted its stake 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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