Nicholas Financial, Inc. (NASDAQ:NICK) CFO Kelly M. Malson bought 2,000 shares of the stock in a transaction dated Thursday, August 9th. The shares were acquired at an average price of $10.90 per share, with a total value of $21,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at approximately $21,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nicholas Financial opened at $10.99 on Monday, Marketbeat Ratings reports. Nicholas Financial, Inc. has a 52-week low of $7.59 and a 52-week high of $11.10. The company has a market cap of $138.79 million, a PE ratio of 30.53 and a beta of 0.56.

Nicholas Financial (NASDAQ:NICK) last announced its quarterly earnings results on Thursday, August 2nd. The credit services provider reported $0.18 earnings per share for the quarter. The company had revenue of $18.76 million during the quarter. Nicholas Financial had a negative net margin of 0.61% and a positive return on equity of 2.67%.

Separately, ValuEngine lowered shares of Nicholas Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Magnolia Group LLC increased its position 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 valued at $13,740,000 after acquiring an additional 80,613 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Nicholas Financial by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 495,166 shares of the credit services provider’s stock valued at $4,491,000 after acquiring an additional 11,154 shares in the last quarter. Western Standard LLC increased its position 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 in the last quarter. Finally, BlackRock Inc. increased its position in shares of Nicholas Financial by 20.9% during the second quarter. BlackRock Inc. now owns 26,628 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 4,609 shares in the last quarter. 55.41% of the stock is owned by institutional investors.

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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