Nicholas Financial, Inc. (NICK) Releases Quarterly Earnings Results
Nicholas Financial, Inc. (NASDAQ:NICK) released its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, Market Beat reports.
Shares of Nicholas Financial (NASDAQ:NICK) opened at 10.47 on Friday. The stock’s 50 day moving average price is $11.22 and its 200 day moving average price is $12.63. Nicholas Financial has a 12-month low of $9.92 and a 12-month high of $15.47. The company has a market cap of $80.79 million and a P/E ratio of 7.16.
Nicholas Financial, Inc. (NASDAQ:NICK) is a holding company. The business activities of Nicholas Financial-Canada are conducted through its wholly owned indirect 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. Nicholas Financial also originates direct consumer loans (Direct Loans) and sells consumer-finance related products. Another subsidiary, Nicholas Data Services, Inc. (NDS), acts as the interim holding company for Nicholas Financial. The Company had non-exclusive agreements with approximately 4,000 dealers, of which approximately 2,300 are active, for the purchase of individual Contracts that meet the Company’s financing criteria. Its loan portfolio consists of Contracts purchased without recourse to the dealer.
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