Nicholas Financial (NASDAQ:NICK) Stock Price Crosses Above Two Hundred Day Moving Average of $6.40

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 changing hands.

Nicholas Financial Trading Down 2.1 %

The firm has a 50-day simple moving average of $6.88 and a two-hundred day simple moving average of $6.40. The company has a market capitalization of $85.60 million, a price-to-earnings ratio of -1.35 and a beta of 0.88.

Nicholas Financial (NASDAQ:NICK) last announced its quarterly earnings results on Tuesday, February 13th. The credit services provider reported ($1.60) earnings per share for the quarter. Nicholas Financial had a negative net margin of 134.48% and a negative return on equity of 50.06%. The company had revenue of $4.95 million for the quarter.

Institutional Trading of Nicholas Financial

A number of hedge funds have recently added to or reduced their stakes in NICK. Bridgeway Capital Management LLC boosted its stake in shares of Nicholas Financial by 9.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 23,487 shares of the credit services provider’s stock worth $160,000 after acquiring an additional 2,112 shares in the last quarter. TCW Group Inc. boosted its position in Nicholas Financial by 0.4% during the fourth 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. BlackRock Inc. grew its holdings in Nicholas Financial by 60.8% in the second quarter. BlackRock Inc. now owns 16,439 shares of the credit services provider’s stock valued at $82,000 after purchasing an additional 6,213 shares during the period. State Street Corp purchased a new stake in shares of Nicholas Financial in the second quarter valued at approximately $104,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Nicholas Financial during the 4th quarter worth approximately $194,000. 39.87% of the stock is owned by hedge funds and other institutional investors.

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.