World Acceptance Corp. (NASDAQ:WRLD) dropped 2.3% on Monday . The stock traded as low as $44.30 and last traded at $44.54, with a volume of 116,221 shares traded. The stock had previously closed at $45.59.

WRLD has been the subject of several research reports. Jefferies Group reaffirmed a “hold” rating and issued a $37.00 price target on shares of World Acceptance Corp. in a research report on Friday, July 15th. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price objective on shares of World Acceptance Corp. in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of World Acceptance Corp. from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 30th.

The company has a 50-day moving average of $46.44 and a 200-day moving average of $43.12. The stock has a market capitalization of $399.56 million, a PE ratio of 4.96 and a beta of 1.76.

World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.22 by $0.33. The company had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. World Acceptance Corp. had a return on equity of 21.02% and a net margin of 14.52%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 EPS. Equities research analysts forecast that World Acceptance Corp. will post $7.94 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of World Acceptance Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 503,665 shares of the company’s stock valued at $22,967,000 after buying an additional 4,056 shares in the last quarter. Valiant Capital Management L.P. increased its stake in shares of World Acceptance Corp. by 56.6% in the first quarter. Valiant Capital Management L.P. now owns 442,760 shares of the company’s stock valued at $16,789,000 after buying an additional 160,051 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of World Acceptance Corp. by 2.4% in the second quarter. Parametric Portfolio Associates LLC now owns 181,801 shares of the company’s stock valued at $8,290,000 after buying an additional 4,189 shares in the last quarter. State Street Corp increased its stake in shares of World Acceptance Corp. by 1.5% in the second quarter. State Street Corp now owns 159,927 shares of the company’s stock valued at $7,293,000 after buying an additional 2,338 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of World Acceptance Corp. by 1.9% in the second quarter. American Century Companies Inc. now owns 119,696 shares of the company’s stock valued at $5,458,000 after buying an additional 2,205 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

About World Acceptance Corp.

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.

5 Day Chart for NASDAQ:WRLD

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