TheStreet cut shares of Nicholas Financial (NASDAQ:NICK) from a c- rating to a d rating in a research report report published on Friday, TheStreetRatingsTable reports.
NICK stock opened at $8.40 on Friday. Nicholas Financial has a 1 year low of $7.92 and a 1 year high of $12.50. The company has a fifty day moving average of $9.02.
Nicholas Financial (NASDAQ:NICK) last posted its earnings results on Wednesday, May 29th. The credit services provider reported ($0.60) earnings per share (EPS) for the quarter. The company had revenue of $16.40 million during the quarter. Nicholas Financial had a negative net margin of 5.12% and a negative return on equity of 3.72%.
An institutional investor recently raised its position in Nicholas Financial stock. FMR LLC increased its position in shares of Nicholas Financial, Inc. (NASDAQ:NICK) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,411 shares of the credit services provider’s stock after acquiring an additional 3,789 shares during the period. FMR LLC owned approximately 3.55% of Nicholas Financial worth $4,653,000 at the end of the most recent quarter. 36.64% of the stock is owned by institutional investors.
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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