Nicholas Financial (NASDAQ:NICK) downgraded by TheStreet to “D+”

0

Nicholas Financial (NASDAQ:NICK – Get an assessment) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a research report released to clients and investors on Friday, TheStreetRatingsTable reports.

Nicholas Financial Stock Performance

NASDAQ NICK shares opened at $9.40 on Friday. The company has a debt ratio of 0.50, a quick ratio of 19.77 and a current ratio of 19.77. The company has a market capitalization of $119.38 million, a price-earnings ratio of -134.27 and a beta of 0.32. The company’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $10.25. Nicholas Financial has a 52 week low of $8.50 and a 52 week high of $12.50.

Nicholas Financial (NASDAQ:NICK – Get Rating) last released its results on Tuesday, May 24. The credit service provider reported earnings per share (EPS) of $0.05 for the quarter. The company had revenue of $12.31 million for the quarter. Nicholas Financial posted a negative return on equity of 0.43% and a negative net margin of 1.05%.

Insiders place their bets

In other news, Director Adam K. Peterson acquired 8,106 shares of Nicholas Financial in a trade on Friday, May 27. The stock was purchased at an average price of $9.70 per share, for a total transaction of $78,628.20. Following the transaction, the director now owns 2,425,132 shares of the company, valued at $23,523,780.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders hold 38.30% of the company’s stock.

Hedge funds weigh on Nicholas Financial

A hedge fund recently bought a new stake in shares of Nicholas Financial. Belpointe Asset Management LLC bought a new stake in the shares of Nicholas Financial, Inc. (NASDAQ:NICK – Get Rating) in the first quarter, according to its most recent disclosure to the Securities and Exchange Commission. The company bought 54,000 shares of the credit service provider, valued at around $554,000. Belpointe Asset Management LLC held approximately 0.43% of Nicholas Financial at the end of the most recent period. Hedge funds and other institutional investors own 35.42% of the company’s shares.

About Nicholas Financial

(Get an assessment)

Nicholas Financial, Inc operates as a consumer finance company in the United States. The Company engages in the acquisition and servicing of installment automotive finance contracts for the purchase of new and used automobiles and light trucks. It also issues direct consumer loans and sells consumer credit-related products.

See also

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Nicholas Financial right now?

Before you consider Nicholas Financial, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Nicholas Financial wasn’t on the list.

Although Nicholas Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

About Author

Comments are closed.