Nicholas Financial, Inc. (NASDAQ:NICK – Get Rating) Director Jeffrey C. Royal acquired 15,000 shares of the company's stock in a transaction on Friday, November 18th. The shares were acquired at an average price of $6.57 per share, for a total transaction of $98,550.00. Following the completion of the acquisition, the director now directly owns 52,071 shares in the company, valued at $342,106.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Nicholas Financial Price Performance
NICK stock opened at $6.53 on Tuesday. Nicholas Financial, Inc. has a 52-week low of $5.23 and a 52-week high of $12.30. The company has a quick ratio of 28.78, a current ratio of 28.78 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $82.93 million, a PE ratio of -93.27 and a beta of 0.63. The stock's 50 day moving average is $6.31 and its two-hundred day moving average is $8.25.
Get Nicholas Financial alerts:Institutional Investors Weigh In On Nicholas Financial
Institutional investors have recently made changes to their positions in the company. State Street Corp bought a new stake in shares of Nicholas Financial in the 2nd quarter valued at approximately $104,000. TCW Group Inc. increased its holdings in shares of Nicholas Financial by 0.4% in the 3rd quarter. TCW Group Inc. now owns 612,281 shares of the credit services provider's stock valued at $3,484,000 after acquiring an additional 2,481 shares during the last quarter. Finally, Magnolia Group LLC increased its holdings in shares of Nicholas Financial by 0.3% in the 2nd quarter. Magnolia Group LLC now owns 2,414,067 shares of the credit services provider's stock valued at $22,499,000 after acquiring an additional 8,106 shares during the last quarter. 55.42% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded Nicholas Financial from a "c" rating to a "d+" rating in a report on Friday, July 29th.About Nicholas Financial
(Get Rating)
Nicholas Financial, Inc operates as a 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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