World Acceptance Corp. (NASDAQ:WRLD) saw unusually-strong trading volume on Thursday . Approximately 299,648 shares changed hands during 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.

Several research firms have issued reports on WRLD. Zacks Investment Research upgraded 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 reiterated a “hold” rating and set a $37.00 target price on shares of World Acceptance Corp. in a research report on Friday, July 15th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $41.00 target price on shares of World Acceptance Corp. in a research report on Friday, July 29th.

The firm has a market cap of $398.95 million and a P/E ratio of 4.93. The stock has a 50-day moving average of $47.28 and a 200-day moving average of $40.03.

World Acceptance Corp. (NASDAQ:WRLD) last issued its earnings results on Thursday, July 28th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by $0.33. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts forecast that World Acceptance Corp. will post $8.25 earnings per share for the current fiscal year.

A number of institutional investors have modified their holdings of the company. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 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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