World Acceptance Corp. (NASDAQ:WRLD) shares rose 2.7% during trading on Wednesday . The company traded as high as $55.15 and last traded at $54.57, with a volume of 74,188 shares changing hands. The stock had previously closed at $53.11.

WRLD has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of World Acceptance Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, May 6th. Jefferies Group reaffirmed a “hold” rating and issued a $37.00 target price on shares of World Acceptance Corp. in a research report on Friday, July 15th.

The company has a market cap of $479.40 million and a PE ratio of 5.47. The company’s 50-day moving average price is $46.22 and its 200-day moving average price is $39.59.

World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings results on Thursday, May 5th. The company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.71 by $0.42. During the same quarter last year, the business posted $5.34 earnings per share. The business had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $138.85 million. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, analysts predict that World Acceptance Corp. will post $8.63 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have made changes to their positions in the company. Morgan Stanley boosted 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 worth $1,189,000 after buying an additional 12,390 shares during the period. California Public Employees Retirement System boosted 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 worth $2,456,000 after buying an additional 8,400 shares during the period. First Trust Advisors LP boosted 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 worth $3,461,000 after buying an additional 41,703 shares during the period. Finally, Weber Alan W boosted its position in shares of World Acceptance Corp. by 2.6% in the fourth quarter. Weber Alan W now owns 168,069 shares of the company’s stock worth $6,235,000 after buying an additional 4,230 shares during the period.

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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