Nicholas Financial (NICK) Downgraded to “D” at TheStreet

Nicholas Financial (NASDAQ:NICK) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d” rating in a note issued to investors on Friday.

Separately, ValuEngine raised Nicholas Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

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Shares of NICK opened at $8.76 on Friday. The stock has a market capitalization of $69.00, a P/E ratio of 145.83 and a beta of 0.56. Nicholas Financial has a one year low of $7.59 and a one year high of $10.35.

Nicholas Financial (NASDAQ:NICK) last issued its quarterly earnings results on Monday, February 5th. The credit services provider reported $0.06 EPS for the quarter. The firm had revenue of $20.53 million during the quarter. Nicholas Financial had a positive return on equity of 0.54% and a negative net margin of 3.23%.

In other news, CEO Douglas W. Marohn acquired 5,629 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were purchased at an average price of $9.00 per share, for a total transaction of $50,661.00. Following the completion of the purchase, the chief executive officer now directly owns 10,929 shares of the company’s stock, valued at approximately $98,361. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 29.60% of the company’s stock.

An institutional investor recently raised its position in Nicholas Financial stock. JBF Capital Inc. raised its position in shares of Nicholas Financial (NASDAQ:NICK) by 197.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,546 shares of the credit services provider’s stock after buying an additional 23,600 shares during the quarter. JBF Capital Inc. owned about 0.45% of Nicholas Financial worth $313,000 at the end of the most recent quarter. 54.67% of the stock is currently owned by institutional investors and hedge funds.

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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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