Nicholas Financial, Inc. (NASDAQ:NICK) Sees Significant Growth in Short Interest

Nicholas Financial, Inc. (NASDAQ:NICKGet Rating) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,500 shares, an increase of 120.0% from the May 31st total of 2,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 0.7 days.

Shares of NICK stock opened at $9.11 on Friday. Nicholas Financial has a one year low of $8.50 and a one year high of $12.50. The company’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $10.58. The stock has a market capitalization of $115.70 million, a price-to-earnings ratio of 23.36 and a beta of 0.34.

Nicholas Financial (NASDAQ:NICKGet Rating) last issued its quarterly earnings results on Tuesday, May 24th. The credit services provider reported $0.05 EPS for the quarter. Nicholas Financial had a net margin of 6.03% and a return on equity of 2.57%. The business had revenue of $12.31 million for the quarter.

In other news, Director Adam K. Peterson acquired 8,106 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was bought at an average cost of $9.70 per share, with a total value of $78,628.20. Following the transaction, the director now directly owns 2,425,132 shares in the company, valued at approximately $23,523,780.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 38.30% of the company’s stock.

An institutional investor recently bought a new position in Nicholas Financial stock. Belpointe Asset Management LLC bought a new position in Nicholas Financial, Inc. (NASDAQ:NICKGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,000 shares of the credit services provider’s stock, valued at approximately $554,000. Belpointe Asset Management LLC owned about 0.43% of Nicholas Financial as of its most recent SEC filing. Hedge funds and other institutional investors own 35.42% of the company’s stock.

About Nicholas Financial (Get Rating)

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.

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