Nicholas Financial, Inc. (NICK) Shares Bought by BlackRock Inc.
BlackRock Inc. boosted its stake in shares of Nicholas Financial, Inc. (NASDAQ:NICK) by 20.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,628 shares of the credit services provider’s stock after acquiring an additional 4,609 shares during the period. BlackRock Inc.’s holdings in Nicholas Financial were worth $245,000 at the end of the most recent quarter.
Separately, Magnolia Group LLC grew its holdings in shares of Nicholas Financial by 5.7% during the second quarter. Magnolia Group LLC now owns 1,493,466 shares of the credit services provider’s stock worth $13,740,000 after buying an additional 80,613 shares in the last quarter. 35.78% of the stock is owned by institutional investors and hedge funds.
In other Nicholas Financial news, major shareholder Magnolia Capital Fund, Lp bought 5,887 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average price of $11.13 per share, with a total value of $65,522.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 11,656 shares of company stock valued at $133,401 in the last ninety days. Insiders own 27.30% of the company’s stock.
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About Nicholas Financial
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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