Nicholas Financial, Inc. (NASDAQ:NICK) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.04 and traded as high as $7.48. Nicholas Financial shares last traded at $7.46, with a volume of 4,267 shares changing hands.
A number of equities analysts have recently weighed in on the company. TheStreet upgraded Nicholas Financial from a “d+” rating to a “c-” rating in a report on Thursday, July 2nd. ValuEngine upgraded Nicholas Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 3rd.
The business has a fifty day moving average of $7.95 and a 200 day moving average of $7.04. The stock has a market cap of $94.00 million, a price-to-earnings ratio of 13.82 and a beta of 0.59.
Nicholas Financial (NASDAQ:NICK) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $0.18 EPS for the quarter. Nicholas Financial had a return on equity of 4.02% and a net margin of 7.22%. The firm had revenue of $14.15 million for the quarter.
A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in Nicholas Financial by 0.4% during the first quarter. FMR LLC now owns 449,033 shares of the credit services provider’s stock valued at $4,041,000 after purchasing an additional 1,622 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Nicholas Financial by 5.5% during the second quarter. Wedbush Securities Inc. now owns 119,318 shares of the credit services provider’s stock valued at $883,000 after purchasing an additional 6,200 shares during the last quarter. Magnolia Group LLC grew its holdings in Nicholas Financial by 1.0% during the second quarter. Magnolia Group LLC now owns 2,049,596 shares of the credit services provider’s stock valued at $15,167,000 after purchasing an additional 19,812 shares during the last quarter. Finally, Almitas Capital LLC acquired a new position in Nicholas Financial during the first quarter valued at approximately $611,000. Institutional investors own 37.96% of the company’s stock.
About Nicholas Financial (NASDAQ:NICK)
Nicholas Financial, Inc operates as a specialized consumer finance company in the United States. The company engages in acquiring and servicing automobile finance installment contracts for the purchase of new and used automobiles and light trucks. It also originates direct consumer loans and sells consumer-finance related products.
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