Nicholas Financial, Inc. (NICK) - NASDAQ
  • Dec. 23, 2014, 12:45 PM
    | Dec. 23, 2014, 12:45 PM
  • Jun. 12, 2014, 3:05 PM
    • With certain conditions required to consummate the sale of the company to Prospect Capital (PSEC +0.7%) not met ahead of the June 12 termination deadline, Nicholas Financial (NICK -6%) pulls the plug on the deal.
    • Prosepct had previously said it didn't expect to close on the transaction as a result of the SEC investigation into its accounting methods, but had hoped to amend its agreement with Nicholas.
    • Previously: Prospect wins appeal with SEC; no restatement necessary
    | Jun. 12, 2014, 3:05 PM | 8 Comments
  • May 7, 2014, 10:05 AM
    • Prospect Capital (PSEC -1.3%) opens lower after ho-hum earnings and the disclosure of the SEC's order to restate financials to consolidate on its balance sheet those companies in which Prospect has more than a 50% interest.
    • The disclosure was dug out of Prospect's 10-Q by Seeking Alpha author Lawrence Zack Galler, who finds it curious the company has not done so previously. Not only does Prospect not consolidate these entities, says Geller, but it says it should be able to count interest income on loans owed effectively to itself.
    • Prospect also elects not to consolidate debt owed to others by these companies which stands senior to Prospect's claims, says Geller. "Such debt is material."
    • Prospect intends to appeal the SEC ruling.
    • In light of the SEC action, Prospect does not expect the Nicholas Financial (NICK -0.9%) deal to close before the termination date of June 12. Prospect is in talks to amend the current agreement.
    • The company earnings call is set for 11 ET.
    • Previously: More on Prospect Capital Q1 results
    | May 7, 2014, 10:05 AM | 21 Comments
  • Mar. 21, 2013, 12:57 PM
    Midday top 10 gainers: ACAD +29%. CMT +19%. EGLE +17%. ANAC +17%. DRAM +18%. HNR +14%. ECT +14%. AFFY +13%. NICK +13%. GNK +12%.
    Midday top 10 losers: GMO -18%. BLDP -18%. AMBT -15%. SCHL -15%. CIMT -13%. AQ -13%. CHRM -12%. VTNR -11%. PSUN -10%. CSUN -9%.
    | Mar. 21, 2013, 12:57 PM
  • Dec. 19, 2012, 12:45 PM
    Midday top 10 gainers: AMPL +119%. DYNT +64%. EDAP +25%. ALTE +24%. STP +16%. PTNR +13%. LDK +12%. GBR +19%. CSUN +12%. ELTK +12%.
    Midday top 10 Losers: ONTY -54%. CMGE -21%. PLXT -18%. NICK -15%. DLB -12%. PNTR -11%. PSDV -10%. EGLE -10%. CCUR -10%. PTEK -10%.
    | Dec. 19, 2012, 12:45 PM
Company Description
Nicholas Financial, Inc. is a consumer finance company. It provides purchasing and servicing auto loans to franchised and independent auto dealers. It enables loans and purchases installment sales contracts from automobile dealers for used cars and light trucks to its customers. Nicholas... More
Sector: Financial
Industry: Credit Services
Country: United States