Nicholas Financial, Inc. (NASDAQ:NICK – Get Rating) Director Jeffrey C. Royal acquired 15,000 shares of Nicholas Financial stock in a transaction on Friday, November 18th. The stock was acquired at an average price of $6.57 per share, with a total value of $98,550.00. Following the purchase, 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 Stock Performance
NICK stock opened at $6.62 on Thursday. The company has a current ratio of 28.78, a quick ratio of 28.78 and a debt-to-equity ratio of 0.54. Nicholas Financial, Inc. has a fifty-two week low of $5.23 and a fifty-two week high of $12.30. The stock has a fifty day moving average of $6.27 and a 200-day moving average of $8.21.
Get Nicholas Financial alerts:Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded Nicholas Financial from a "c" rating to a "d+" rating in a research note on Friday, July 29th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. TCW Group Inc. grew its stake in shares of Nicholas Financial by 0.4% during the 3rd quarter. TCW Group Inc. now owns 612,281 shares of the credit services provider's stock worth $3,484,000 after acquiring an additional 2,481 shares during the period. State Street Corp bought a new position in shares of Nicholas Financial during the 2nd quarter worth $104,000. Finally, Magnolia Group LLC grew its stake in shares of Nicholas Financial by 0.3% during the 2nd quarter. Magnolia Group LLC now owns 2,414,067 shares of the credit services provider's stock worth $22,499,000 after acquiring an additional 8,106 shares during the period. Institutional investors own 55.42% of the company's stock.About Nicholas Financial
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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.
Further Reading
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