Revenue Update on Nicholas Financial(NASDAQ:NICK)

Nicholas Financial(NASDAQ:NICK) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 28, 2016. Earnings per share were $0.37.

Nicholas Financial (NICK) made into the market gainers list on Thursdays trading session with the shares advancing 0.38% or 0.0408 points. Due to strong positive momentum, the stock ended at $10.69, which is also near the day’s high of $10.71. The stock began the session at $10.69 and the volume stood at 2,139 shares. The 52-week high of the shares is $14.08 and the 52 week low is $9.92. The company has a current market capitalization of $83 M and it has 78,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 14, 2015, Scott Fink (director) purchased 5,000 shares at $7.84 per share price.Also, On Apr 22, 2015, Kenneth Ernst (10% owner) sold 674,479 shares at $14.85 per share price.On Apr 22, 2015, Family Ii, Llc Mahan (10% owner) sold 320,068 shares at $14.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Nicholas Financial Inc. (Nicholas Financial-Canada) 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 4000 dealers of which approximately 2300 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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