Nicholas Financial, Inc. (NASDAQ:NICK) COO Ginger G. Kunkel purchased 5,000 shares of Nicholas Financial stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $10.36 per share, with a total value of $51,800.00. Following the acquisition, the chief operating officer now directly owns 3,684 shares of the company’s stock, valued at approximately $38,166.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

NICK traded down $0.22 on Friday, reaching $9.05. The company’s stock had a trading volume of 1,914 shares, compared to its average volume of 19,802. Nicholas Financial, Inc. has a 1 year low of $7.92 and a 1 year high of $12.50. The business’s 50 day moving average is $8.81 and its 200 day moving average is $9.13.

Nicholas Financial (NASDAQ:NICK) last issued its quarterly earnings results on Friday, August 9th. The credit services provider reported $0.07 EPS for the quarter. The firm had revenue of $16.64 million during the quarter. Nicholas Financial had a negative return on equity of 4.53% and a negative net margin of 6.47%.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Nicholas Financial by 13.7% during the 2nd 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 during the last quarter. FMR LLC lifted its holdings in Nicholas Financial by 0.4% during the 1st 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 during the last quarter. Finally, Magnolia Group LLC lifted its holdings in Nicholas Financial by 9.7% during the 2nd 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 during the last quarter. 37.80% of the stock is owned by hedge funds and other institutional investors.

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

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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