Nicholas Financial (NASDAQ:NICK) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
Shares of Nicholas Financial stock opened at $10.40 on Wednesday. The company has a market capitalization of $129.73 million, a PE ratio of 26.36 and a beta of 0.72. Nicholas Financial has a 52 week low of $7.59 and a 52 week high of $12.50.
Nicholas Financial (NASDAQ:NICK) last issued its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.07 EPS for the quarter. The firm had revenue of $19.40 million during the quarter. Nicholas Financial had a positive return on equity of 2.88% and a negative net margin of 0.32%.
Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of Nicholas Financial by 3.0% in the 3rd quarter. Renaissance Technologies LLC now owns 543,938 shares of the credit services provider’s stock valued at $6,424,000 after buying an additional 16,009 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nicholas Financial by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 505,216 shares of the credit services provider’s stock worth $5,967,000 after purchasing an additional 10,548 shares during the period. FMR LLC boosted its position in Nicholas Financial by 2.3% during the third quarter. FMR LLC now owns 443,622 shares of the credit services provider’s stock worth $5,239,000 after purchasing an additional 9,879 shares during the period. Magnolia Group LLC boosted its position in Nicholas Financial by 6.5% during the third quarter. Magnolia Group LLC now owns 1,590,922 shares of the credit services provider’s stock worth $18,789,000 after purchasing an additional 97,456 shares during the period. Finally, Western Standard LLC boosted its position in Nicholas Financial by 30.0% during the second quarter. Western Standard LLC now owns 139,693 shares of the credit services provider’s stock worth $1,285,000 after purchasing an additional 32,232 shares during the period. 35.87% of the stock is owned by hedge funds and other institutional investors.
About Nicholas Financial
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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