World Acceptance Corp. (NASDAQ:WRLD) fell 1.8% during mid-day trading on Monday . The stock traded as low as $51.02 and last traded at $53.09, with a volume of 156,503 shares trading hands. The stock had previously closed at $54.07.

Several brokerages have issued reports on WRLD. Jefferies Group reiterated a “hold” rating and issued a $37.00 price target on shares of World Acceptance Corp. in a research note on Friday. Zacks Investment Research lowered shares of World Acceptance Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th.

The company’s 50-day moving average price is $44.00 and its 200 day moving average price is $38.83. The stock has a market capitalization of $465.11 million and a P/E ratio of 5.31.

World Acceptance Corp. (NASDAQ:WRLD) last posted its quarterly earnings data on Thursday, May 5th. The company reported $3.29 EPS for the quarter, missing the Zacks’ consensus estimate of $3.71 by $0.42. The firm had revenue of $142.30 million for the quarter, compared to the consensus estimate of $138.85 million. The business’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.34 earnings per share. On average, analysts expect that World Acceptance Corp. will post $8.63 earnings per share for the current year.

Other large investors have recently bought and sold shares of the company. Morgan Stanley raised its stake in World Acceptance Corp. by 63.1% in the fourth quarter. Morgan Stanley now owns 32,023 shares of the company’s stock worth $1,189,000 after buying an additional 12,390 shares in the last quarter. California Public Employees Retirement System raised its stake in 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 worth $2,456,000 after buying an additional 8,400 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in World Acceptance Corp. by 80.8% in the fourth quarter. First Trust Advisors LP now owns 93,299 shares of the company’s stock worth $3,461,000 after buying an additional 41,703 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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