Renaissance Technologies LLC Boosts Position in Nicholas Financial, Inc. (NICK)
Renaissance Technologies LLC increased its position in Nicholas Financial, Inc. (NASDAQ:NICK) by 3.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 543,938 shares of the credit services provider’s stock after purchasing an additional 16,009 shares during the period. Renaissance Technologies LLC owned 4.31% of Nicholas Financial worth $6,424,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Nicholas Financial by 20.9% in the second quarter. BlackRock Inc. now owns 26,628 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 4,609 shares in the last quarter. FMR LLC grew its stake in Nicholas Financial by 2.3% in the third quarter. FMR LLC now owns 443,622 shares of the credit services provider’s stock worth $5,239,000 after purchasing an additional 9,879 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Nicholas Financial by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 505,216 shares of the credit services provider’s stock worth $5,967,000 after purchasing an additional 10,548 shares in the last quarter. Finally, Magnolia Group LLC grew its stake in Nicholas Financial by 6.5% in the third quarter. Magnolia Group LLC now owns 1,590,922 shares of the credit services provider’s stock worth $18,789,000 after purchasing an additional 97,456 shares in the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.
Shares of NICK stock opened at $10.54 on Friday. Nicholas Financial, Inc. has a 52 week low of $8.36 and a 52 week high of $12.50. The company has a market capitalization of $130.11 million, a price-to-earnings ratio of 26.44 and a beta of 0.62.
Separately, ValuEngine downgraded Nicholas Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th.
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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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