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.
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