World Acceptance Corp. (NASDAQ:WRLD)’s share price dropped 3.7% during trading on Friday . The company traded as low as $44.36 and last traded at $44.36, with a volume of 90,367 shares. The stock had previously closed at $46.05.

WRLD has been the topic of a number of recent research reports. Zacks Investment Research raised World Acceptance Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a 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 report on Friday, July 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 target price on shares of World Acceptance Corp. in a report on Friday, July 29th.

The firm has a market cap of $398.25 million and a price-to-earnings ratio of 4.95. The company’s 50-day moving average is $47.75 and its 200 day moving average is $40.30.

World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.22 by $0.33. The firm earned $127.10 million during the quarter, compared to analysts’ expectations of $130.91 million. During the same period in the previous year, the company posted $2.71 EPS. The company’s revenue was down 7.4% on a year-over-year basis. Analysts predict that World Acceptance Corp. will post $8.13 EPS for the current fiscal year.

Several hedge funds have modified their holdings of WRLD. Weber Alan W raised its stake 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 valued at $6,235,000 after buying an additional 4,230 shares in the last quarter. California Public Employees Retirement System raised 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. Finally, Morgan Stanley raised 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.