Insider Buying: Nicholas Financial, Inc. (NASDAQ:NICK) Major Shareholder Purchases 33,416 Shares of Stock

Nicholas Financial, Inc. (NASDAQ:NICK) major shareholder Adam K. Peterson bought 33,416 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $8.36 per share, with a total value of $279,357.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Adam K. Peterson also recently made the following trade(s):

  • On Tuesday, June 18th, Adam K. Peterson bought 27,508 shares of Nicholas Financial stock. The shares were acquired at an average price of $9.02 per share, with a total value of $248,122.16.

NASDAQ:NICK traded up $0.03 during mid-day trading on Thursday, hitting $8.18. 12,500 shares of the company’s stock traded hands, compared to its average volume of 6,417. The business has a 50 day simple moving average of $8.77. Nicholas Financial, Inc. has a 1 year low of $7.92 and a 1 year high of $12.50.



Nicholas Financial (NASDAQ:NICK) last posted its earnings results on Friday, August 9th. The credit services provider reported $0.07 earnings per share for the quarter. Nicholas Financial had a negative net margin of 6.47% and a negative return on equity of 4.50%. The firm had revenue of $16.64 million during the quarter.

Separately, TheStreet downgraded shares of Nicholas Financial from a “c-” rating to a “d” rating in a report on Friday, July 19th.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Nicholas Financial by 13.7% during the second quarter. BlackRock Inc. now owns 30,427 shares of the credit services provider’s stock worth $286,000 after buying an additional 3,668 shares in the last quarter. FMR LLC grew its holdings in shares of Nicholas Financial by 0.4% during the first quarter. FMR LLC now owns 449,033 shares of the credit services provider’s stock worth $4,041,000 after buying an additional 1,622 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Nicholas Financial by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 508,401 shares of the credit services provider’s stock worth $5,287,000 after buying an additional 3,185 shares in the last quarter. Finally, Magnolia Group LLC grew its holdings in shares of Nicholas Financial by 9.7% during the second quarter. Magnolia Group LLC now owns 1,745,746 shares of the credit services provider’s stock worth $16,410,000 after buying an additional 154,824 shares in the last quarter. Institutional investors and hedge funds own 37.81% of the company’s stock.

Nicholas Financial Company Profile

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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Insider Buying and Selling by Quarter for Nicholas Financial (NASDAQ:NICK)

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