ValuEngine lowered shares of Nicholas Financial (NASDAQ:NICK) from a hold rating to a sell rating in a report issued on Wednesday.

Shares of NICK stock opened at $10.28 on Wednesday. The company has a market cap of $129.73 million, a price-to-earnings ratio of 26.36 and a beta of 0.72. Nicholas Financial has a 12-month low of $7.59 and a 12-month high of $12.50.

Nicholas Financial (NASDAQ:NICK) last issued its quarterly earnings results on Thursday, November 1st. The credit services provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $19.40 million for the quarter. Nicholas Financial had a positive return on equity of 2.88% and a negative net margin of 0.32%.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in Nicholas Financial by 3.0% during the third quarter. Renaissance Technologies LLC now owns 543,938 shares of the credit services provider’s stock worth $6,424,000 after purchasing an additional 16,009 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nicholas Financial by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 505,216 shares of the credit services provider’s stock valued at $5,967,000 after acquiring an additional 10,548 shares during the last quarter. FMR LLC raised its holdings in shares of Nicholas Financial by 2.3% during the third quarter. FMR LLC now owns 443,622 shares of the credit services provider’s stock valued at $5,239,000 after acquiring an additional 9,879 shares during the last quarter. Magnolia Group LLC raised its holdings in shares of Nicholas Financial by 6.5% during the third quarter. Magnolia Group LLC now owns 1,590,922 shares of the credit services provider’s stock valued at $18,789,000 after acquiring an additional 97,456 shares during the last quarter. Finally, Western Standard LLC raised its holdings in shares of Nicholas Financial by 30.0% during the second quarter. Western Standard LLC now owns 139,693 shares of the credit services provider’s stock valued at $1,285,000 after acquiring an additional 32,232 shares during the last quarter. Institutional investors own 35.87% of the company’s stock.

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

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