ValuEngine Lowers Nicholas Financial (NASDAQ:NICK) to Strong Sell

ValuEngine downgraded shares of Nicholas Financial (NASDAQ:NICK) from a sell rating to a strong sell rating in a research note published on Monday morning, ValuEngine reports.

Separately, TheStreet upgraded shares of Nicholas Financial from a d+ rating to a c- rating in a research report on Thursday, July 2nd.

NASDAQ:NICK opened at $8.30 on Monday. The firm’s 50-day moving average is $7.23 and its 200-day moving average is $7.15. Nicholas Financial has a 52-week low of $4.76 and a 52-week high of $9.90. The company has a market cap of $104.58 million, a price-to-earnings ratio of 19.30 and a beta of 0.59.

Nicholas Financial (NASDAQ:NICK) last posted its quarterly earnings data on Thursday, June 4th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter. Nicholas Financial had a net margin of 5.58% and a return on equity of 3.26%. The company had revenue of $14.90 million for the quarter.

Several institutional investors have recently modified their holdings of the company. Magnolia Group LLC boosted its position in shares of Nicholas Financial by 4.0% during the 1st quarter. Magnolia Group LLC now owns 2,029,784 shares of the credit services provider’s stock valued at $11,854,000 after acquiring an additional 78,354 shares in the last quarter. FMR LLC boosted 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 in the last quarter. Wedbush Securities Inc. boosted its position in shares of Nicholas Financial by 5.5% during the 2nd quarter. Wedbush Securities Inc. now owns 119,318 shares of the credit services provider’s stock valued at $883,000 after acquiring an additional 6,200 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of Nicholas Financial during the 1st quarter valued at about $611,000. Finally, Bank of America Corp DE boosted its position in shares of Nicholas Financial by 76.3% during the 4th quarter. Bank of America Corp DE now owns 50,536 shares of the credit services provider’s stock valued at $416,000 after acquiring an additional 21,868 shares in the last quarter. Institutional investors and hedge funds own 37.72% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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