World Acceptance Corp. (NASDAQ:WRLD) traded down 3.7% 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.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of World Acceptance Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. BMO Capital Markets reissued a “hold” rating and set a $41.00 price target on shares of World Acceptance Corp. in a research note on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and set a $37.00 price target on shares of World Acceptance Corp. in a research note on Friday, July 15th.

The stock has a market capitalization of $398.25 million and a PE ratio of 4.95. The company’s 50 day moving average is $47.83 and its 200 day moving average is $40.36.

World Acceptance Corp. (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by $0.33. The business had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. During the same quarter last year, the firm earned $2.71 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts forecast that World Acceptance Corp. will post $8.13 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in WRLD. Morgan Stanley increased its stake 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 last quarter. California Public Employees Retirement System increased its stake 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 last quarter. Finally, Weber Alan W increased 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 worth $6,235,000 after buying an additional 4,230 shares during 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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