Nicholas Financial (NASDAQ:NICK) Shares Pass Above 200-Day Moving Average of $6.40

Shares of Nicholas Financial, Inc. (NASDAQ:NICK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.40 and traded as high as $6.90. Nicholas Financial shares last traded at $6.74, with a volume of 9,676 shares.

Nicholas Financial Price Performance

The company has a market capitalization of $85.60 million, a PE ratio of -1.35 and a beta of 0.88. The stock has a 50-day simple moving average of $6.88 and a 200 day simple moving average of $6.40.

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 during the quarter. Nicholas Financial had a negative return on equity of 50.06% and a negative net margin of 134.48%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NICK. State Street Corp acquired a new stake in Nicholas Financial during the 2nd quarter valued at $104,000. Fortis Capital Advisors LLC purchased a new stake in shares of Nicholas Financial in the fourth quarter valued at $194,000. BlackRock Inc. boosted its stake in shares of Nicholas Financial by 60.8% during the second quarter. BlackRock Inc. now owns 16,439 shares of the credit services provider’s stock valued at $82,000 after acquiring an additional 6,213 shares during the last quarter. TCW Group Inc. increased its position in Nicholas Financial by 0.4% during the 4th quarter. TCW Group Inc. now owns 616,230 shares of the credit services provider’s stock worth $4,209,000 after purchasing an additional 2,262 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new position in Nicholas Financial in the 4th quarter valued at about $410,000. 39.87% of the stock is currently owned by institutional investors and hedge funds.

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.