Nicholas Financial, Inc. (NASDAQ:NICK) Major Shareholder Magnolia Capital Fund, Lp Buys 76,822 Shares

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Nicholas Financial, Inc. (NASDAQ:NICK) major shareholder Magnolia Capital Fund, Lp acquired 76,822 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $8.62 per share, for a total transaction of $662,205.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Thursday, August 15th, Magnolia Capital Fund, Lp acquired 61,615 shares of Nicholas Financial stock. The stock was acquired at an average price of $8.28 per share, for a total transaction of $510,172.20.
  • On Wednesday, June 26th, Magnolia Capital Fund, Lp acquired 67,593 shares of Nicholas Financial stock. The stock was acquired at an average price of $8.98 per share, for a total transaction of $606,985.14.
  • On Thursday, June 20th, Magnolia Capital Fund, Lp acquired 87,231 shares of Nicholas Financial stock. The stock was acquired at an average price of $9.01 per share, for a total transaction of $785,951.31.

NASDAQ NICK opened at $9.57 on Friday. Nicholas Financial, Inc. has a one year low of $7.92 and a one year high of $12.50. The firm’s fifty day moving average is $8.71 and its two-hundred day moving average is $9.22.

Nicholas Financial (NASDAQ:NICK) last posted its quarterly earnings data on Friday, August 9th. The credit services provider reported $0.07 EPS for the quarter. The company had revenue of $16.64 million for the quarter. Nicholas Financial had a negative net margin of 6.47% and a negative return on equity of 4.53%.

Separately, TheStreet lowered shares of Nicholas Financial from a “c-” rating to a “d” rating in a research note on Friday, July 19th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Magnolia Group LLC increased its stake in Nicholas Financial by 9.7% in the second quarter. Magnolia Group LLC now owns 1,745,746 shares of the credit services provider’s stock valued at $16,410,000 after purchasing an additional 154,824 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Nicholas Financial by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,401 shares of the credit services provider’s stock valued at $5,287,000 after acquiring an additional 3,185 shares in the last quarter. FMR LLC boosted its holdings in shares of Nicholas Financial by 0.4% in the first quarter. FMR LLC now owns 449,033 shares of the credit services provider’s stock valued at $4,041,000 after acquiring an additional 1,622 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Nicholas Financial by 13.7% in the second quarter. BlackRock Inc. now owns 30,427 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 3,668 shares in the last quarter. Institutional investors own 37.80% of the company’s stock.

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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