Nicholas Financial, Inc. (NASDAQ:NICK) Director Jeffrey C. Royal bought 2,500 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $9.15 per share, for a total transaction of $22,875.00. Following the completion of the transaction, the director now directly owns 4,024 shares in the company, valued at $36,819.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:NICK opened at $9.25 on Tuesday. Nicholas Financial, Inc. has a 52 week low of $7.92 and a 52 week high of $12.50.

Nicholas Financial (NASDAQ:NICK) last posted its earnings results on Wednesday, May 29th. The credit services provider reported ($0.60) EPS for the quarter. Nicholas Financial had a negative net margin of 5.12% and a negative return on equity of 3.68%. The business had revenue of $16.40 million for the quarter.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Nicholas Financial by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 508,401 shares of the credit services provider’s stock valued at $5,287,000 after acquiring an additional 3,185 shares during the period. FMR LLC grew its position in shares of Nicholas Financial by 0.4% during the 1st quarter. FMR LLC now owns 449,033 shares of the credit services provider’s stock valued at $4,041,000 after acquiring an additional 1,622 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Nicholas Financial during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 36.64% of the company’s stock.

Separately, TheStreet upgraded Nicholas Financial from a “d+” rating to a “c-” rating in a research report on Wednesday, February 13th.

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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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