World Acceptance Corp. (WRLD) Sees Strong Trading Volume
World Acceptance Corp. (NASDAQ:WRLD) saw unusually-high trading volume on Thursday . Approximately 299,648 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 149,078 shares.The stock last traded at $43.93 and had previously closed at $43.81.
WRLD has been the subject of a number of analyst reports. 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, July 15th. Zacks Investment Research lowered World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $41.00 price target on shares of World Acceptance Corp. in a research note on Friday, July 29th.
The firm’s 50-day moving average price is $47.15 and its 200 day moving average price is $39.99. The stock has a market capitalization of $384.04 million and a PE ratio of 4.75.
World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. The firm had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. World Acceptance Corp.’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. Equities research analysts forecast that World Acceptance Corp. will post $8.37 EPS for the current year.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Weber Alan W increased its position in 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. California Public Employees Retirement System increased its position 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. 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 during the period. Finally, 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 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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