Nicholas Financial (NASDAQ:NICK) Shares Pass Above 200-Day Moving Average of $6.48

Nicholas Financial, Inc. (NASDAQ:NICK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.48 and traded as high as $6.75. Nicholas Financial shares last traded at $6.51, with a volume of 545 shares.

Nicholas Financial Stock Up 1.0 %

The stock has a fifty day moving average price of $6.82 and a 200 day moving average price of $6.49.

Nicholas Financial (NASDAQ:NICK) last announced its earnings results on Tuesday, February 13th. The credit services provider reported ($1.60) 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 during the quarter.

Hedge Funds Weigh In On Nicholas Financial

A hedge fund recently raised its stake in Nicholas Financial stock. TCW Group Inc. lifted its stake in Nicholas Financial, Inc. (NASDAQ:NICK) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 616,230 shares of the credit services provider’s stock after acquiring an additional 2,262 shares during the period. TCW Group Inc. owned 4.85% of Nicholas Financial worth $4,209,000 at the end of the most recent quarter. 39.87% of the stock is 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.