Nicholas Financial (NASDAQ:NICK) Stock Price Passes Above 200 Day Moving Average of $6.33

Nicholas Financial, Inc. (NASDAQ:NICK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.33 and traded as high as $6.92. Nicholas Financial shares last traded at $6.92, with a volume of 1,156 shares traded.

Nicholas Financial Stock Performance

The firm’s 50-day simple moving average is $6.91 and its 200-day simple moving average is $6.33. The company has a market capitalization of $87.88 million, a price-to-earnings ratio of -1.38 and a beta of 0.88.

Nicholas Financial (NASDAQ:NICK) last released its quarterly earnings data on Tuesday, February 13th. The credit services provider reported ($1.60) EPS for the quarter. The business had revenue of $4.95 million for the quarter. Nicholas Financial had a negative return on equity of 50.06% and a negative net margin of 134.48%.

Hedge Funds Weigh In On Nicholas Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in NICK. BlackRock Inc. lifted its holdings in Nicholas Financial by 60.8% during the 2nd quarter. BlackRock Inc. now owns 16,439 shares of the credit services provider’s stock valued at $82,000 after purchasing an additional 6,213 shares during the last quarter. State Street Corp bought a new position in Nicholas Financial during the 2nd quarter valued at about $104,000. Bridgeway Capital Management LLC lifted its holdings in Nicholas Financial by 9.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 23,487 shares of the credit services provider’s stock valued at $160,000 after purchasing an additional 2,112 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in Nicholas Financial during the 4th quarter valued at about $194,000. Finally, Pathstone Holdings LLC bought a new position in Nicholas Financial during the 4th quarter valued at about $410,000. 39.87% of the stock is owned by institutional investors.

About Nicholas Financial

Nicholas Financial, Inc operates as a 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.