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

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

The firm has a 50-day moving average of $46.64 and a 200 day moving average of $39.73. The firm has a market cap of $385.60 million and a P/E ratio of 4.40.

World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.33. The firm earned $127.10 million during the quarter, compared to analyst estimates of $130.91 million. During the same period in the previous year, the company posted $2.71 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts expect that World Acceptance Corp. will post $8.63 earnings per share for the current year.

Several institutional investors recently made changes to their positions in the company. First Trust Advisors LP increased 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 in the last quarter. Morgan Stanley increased 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 in the last quarter. California Public Employees Retirement System increased 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 in the last quarter. Finally, Weber Alan W increased 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 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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