ValuEngine upgraded shares of Nicholas Financial (NASDAQ:NICK) from a hold rating to a buy rating in a report released on Friday.

Nicholas Financial (NASDAQ NICK) traded up $0.13 during trading hours on Friday, hitting $7.94. The stock had a trading volume of 1,646 shares, compared to its average volume of 4,607. The stock has a market cap of $100.02, a price-to-earnings ratio of 37.19 and a beta of 0.72. Nicholas Financial has a 52-week low of $7.65 and a 52-week high of $12.50.

Several large investors have recently bought and sold shares of the company. Western Standard LLC increased its stake in shares of Nicholas Financial by 72.4% in the 3rd quarter. Western Standard LLC now owns 69,656 shares of the credit services provider’s stock worth $604,000 after purchasing an additional 29,251 shares in the last quarter. TCW Group Inc. increased its stake in Nicholas Financial by 2.6% in the 3rd quarter. TCW Group Inc. now owns 600,704 shares of the credit services provider’s stock worth $5,208,000 after buying an additional 14,991 shares in the last quarter. Wedbush Securities Inc. increased its stake in Nicholas Financial by 13.2% in the 3rd quarter. Wedbush Securities Inc. now owns 113,649 shares of the credit services provider’s stock worth $985,000 after buying an additional 13,221 shares in the last quarter. FMR LLC increased its stake in Nicholas Financial by 16.4% in the 2nd quarter. FMR LLC now owns 491,983 shares of the credit services provider’s stock worth $4,541,000 after buying an additional 69,255 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Nicholas Financial by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 235,109 shares of the credit services provider’s stock worth $2,170,000 after buying an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 54.83% of the company’s stock.

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Nicholas Financial Company Profile

Nicholas Financial, Inc (Nicholas Financial-Canada) is a holding company. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc (Nicholas Financial). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks.

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