Nicholas Financial, Inc. (NASDAQ:NICK) CEO Douglas W. Marohn acquired 5,629 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were bought at an average price of $9.00 per share, for a total transaction of $50,661.00. Following the completion of the acquisition, the chief executive officer now owns 10,929 shares in the company, valued at $98,361. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Nicholas Financial, Inc. (NASDAQ:NICK) traded up $0.04 during mid-day trading on Friday, hitting $9.06. 8,101 shares of the stock traded hands, compared to its average volume of 13,105. The stock has a market cap of $71.13, a price-to-earnings ratio of -24.49 and a beta of 0.64. Nicholas Financial, Inc. has a 1-year low of $7.59 and a 1-year high of $11.24.
Separately, ValuEngine lowered shares of Nicholas Financial from a “buy” rating to a “hold” rating in a report on Friday, February 9th.
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Nicholas Financial Company Profile
Nicholas Financial, Inc (Nicholas Financial-Canada) is a holding company. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc (Nicholas Financial). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks.
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