Nicholas Financial (NASDAQ:NICK) Stock Passes Above 200 Day Moving Average of $6.40

Nicholas Financial, Inc. (NASDAQ:NICK)’s stock price passed 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 traded.

Nicholas Financial Trading Down 1.6 %

The company’s 50-day simple moving average is $6.87 and its 200 day simple moving average is $6.41.

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

Hedge Funds Weigh In On Nicholas Financial

Large investors have recently bought and sold shares of the stock. State Street Corp acquired a new stake in Nicholas Financial during the second quarter worth about $104,000. BlackRock Inc. boosted its stake in Nicholas Financial by 60.8% during the second quarter. BlackRock Inc. now owns 16,439 shares of the credit services provider’s stock worth $82,000 after buying an additional 6,213 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Nicholas Financial by 9.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 23,487 shares of the credit services provider’s stock valued at $160,000 after buying an additional 2,112 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Nicholas Financial during the 4th quarter valued at about $194,000. Finally, Pathstone Holdings LLC bought a new stake in Nicholas Financial in the fourth quarter valued at about $410,000. 39.87% of the stock is currently owned by institutional investors and hedge funds.

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.