Company profile

Ticker
NICK
Exchange
CEO
Douglas W. Marohn
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
593019317

NICK stock data

(
)

Calendar

7 Aug 20
8 Aug 20
31 Mar 21

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue
Net income 1.43M 2.3M 311K 268K
Diluted EPS 0.18 0.31 0.04 0.03
Net change in cash 9.13M 1M 11.12M -2.86M
Cash on hand 25.93M 16.8M 15.8M 4.68M
Cost of revenue
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Net income 3.47M -3.65M -1.1M 5.41M
Diluted EPS 0.45 -0.46 -0.14 0.69
Net change in cash -18.79M 32.97M -229K 1.01M
Cash on hand 16.8M 35.6M 2.63M 2.86M
Cost of revenue

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
3 Aug 20 Marohn Douglas W Common Stock Grant Aquire A No 0 400 0 71,678
3 Aug 20 Marohn Douglas W Common Stock Buy Aquire P No 8.36 400 3.34K 71,278
26 Jun 20 Jeffrey C Royal Common Stock Buy Aquire P No 7.34 100 734 17,461
26 Jun 20 Jeffrey C Royal Common Stock Buy Aquire P No 7.34 900 6.61K 17,361
25 Jun 20 Jeffrey C Royal Common Stock Buy Aquire P No 7.39 223 1.65K 16,461
25 Jun 20 Jeffrey C Royal Common Stock Buy Aquire P No 7.39 952 7.04K 16,238
25 Jun 20 Jeffrey C Royal Common Stock Buy Aquire P No 7.39 48 354.72 15,286
9 Jun 20 Marohn Douglas W Common Stock Buy Aquire P No 6.85 885 6.06K 69,518
9 Jun 20 Marohn Douglas W Common Stock Grant Aquire A No 0 885 0 70,878
9 Jun 20 Marohn Douglas W Common Stock Buy Aquire P No 6.85 885 6.06K 69,993
60.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 24 25 -4.0%
Opened positions 1 0 NEW
Closed positions 2 2
Increased positions 7 5 +40.0%
Reduced positions 8 10 -20.0%
13F shares
Current Prev Q Change
Total value 27.92M 38.37M -27.2%
Total shares 4.78M 4.66M +2.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Magnolia 2.03M $11.85M +4.0%
TCW 607.32K $3.55M 0.0%
Renaissance Technologies 502.18K $2.93M -4.1%
Dimensional Fund Advisors 501K $2.93M 0.0%
FMR 300.44K $1.76M -12.3%
Vanguard 240.61K $1.41M 0.0%
Wedbush Securities 113.12K $661K +3.8%
Almitas Capital 104.59K $611K NEW
Geode Capital Management 85.47K $499K +1.1%
Bridgeway Capital Management 62.8K $367K 0.0%
Largest transactions
Shares Bought/sold Change
Almitas Capital 104.59K +104.59K NEW
Magnolia 2.03M +78.35K +4.0%
FMR 300.44K -42.11K -12.3%
Renaissance Technologies 502.18K -21.57K -4.1%
BAC Bank of America 57.09K +6.56K +13.0%
Wedbush Securities 113.12K +4.15K +3.8%
BLK BlackRock 25.42K -3.84K -13.1%
California Public Employees Retirement System 30.71K -2.49K -7.5%
Geode Capital Management 85.47K +907 +1.1%
RBF Capital 23.29K +588 +2.6%

Financial report summary

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Risks
  • The extent to which COVID-19 and measures taken in response thereto impact our business, results of operations and financial condition will depend on future developments, which are highly uncertain and are difficult to predict. COVID-19 has had and is likely to continue to have a material adverse impact on our results of operations and financial condition and heightens many of our known risks.
  • We operate in an increasingly competitive market.
  • If we fail to maintain an effective system of internal control over financial reporting and disclosure controls and procedures, we may not be able to accurately and timely report our financial results, which could lead to a loss of investor confidence in our financial statements and have an adverse effect on our stock price.
  • Uncertainty about the continuing availability of LIBOR may adversely affect our business.
  • On October 5, 2017, the CFPB released the final rule Payday, Vehicle Title and Certain High-Cost Installment Loans under the Dodd Frank Act, which as adopted could potentially have a material adverse effect on our operations and financial performance.
  • The CFPB has broad authority to pursue administrative proceedings and litigation for violations of federal consumer financing laws.
  • Pursuant to the authority granted to it under the Dodd-Frank Act, the CFPB adopted rules that subject larger nonbank automobile finance companies to supervision and examination by the CFPB. Any such examination by the CFPB likely would have a material adverse effect on our operations and financial performance.
  • We are subject to many other laws and governmental regulations, and any material violations of or changes in these laws or regulations could have a material adverse effect on our financial condition and business operations.
  • The loss of our key executives could have a material adverse effect on our business.
  • We are subject to risks associated with litigation.
  • We depend upon our relationships with our dealers.
  • Our success depends upon our ability to implement our business strategy.
  • The auction proceeds we receive from the sale of repossessed vehicles and other recoveries are subject to fluctuation due to economic and other factors beyond our control.
  • An increase in market interest rates may reduce our profitability.
  • Failure to properly safeguard confidential customer information could subject us to liability, decrease our profitability, and damage our reputation.
  • Our growth depends upon our ability to retain and attract a sufficient number of qualified employees.
  • Our stock is thinly traded, which may limit your ability to resell your shares.
  • Natural disasters, acts of war, terrorist attacks and threats, or the escalation of military activity in response to these attacks or otherwise may negatively affect our business, financial condition, and results of operations.
Management Discussion
  • Interest and fee income on finance receivables, predominantly finance charge income, decreased to $62.1 million in fiscal 2020 as compared to $71.3 million in fiscal 2019. The average finance receivables totaled $226.5 million for the fiscal year ended March 31, 2020, a decrease of 16.1% from $270.1 million for the fiscal year ended March 31, 2019. Purchasing volume has continued to decrease from fiscal 2019 as a result of tightening the Company’s credit underwriting standards and a reduction in auto sales year over year.  
  • Competition also continued to affect the Company’s ability to acquire Contracts, furthermore, the Company’s renewed strategic focus on financing primary transportation to and from work for the subprime borrower has impacted the Company’s ability to acquire Contracts at desired yields. The average APR on new Contract purchases decreased slightly from 23.5% for fiscal year 2019 to 23.4% for fiscal year 2020. Concurrently, the dealer discount on new Contract purchases decreased from 8.2% for fiscal year 2019 to 7.9% for fiscal year 2020. Related to desired yields, the Company’s strategy focused on risk-based pricing (rate, yield, advance, term, etc.) and a commitment to the underwriting discipline required for optimal portfolio performance as opposed to chasing competition for the sake of simply generating volume.  
  • The gross portfolio yield increased to 27.4% for the fiscal year ended March 31, 2020 as compared to 26.4% for the fiscal year ended March 31, 2019. The gross portfolio yield increased primarily due to increase in the average portfolio APR from 22.98% for the fiscal year 2019 to 23.12% for fiscal year 2020. The net portfolio yield increased to 16.2% for the fiscal year ended March 31, 2020 from 10.7% for the fiscal year ended March 31, 2019. The net portfolio yield increased primarily due to a decrease in the provision for credit losses as a percentage of finance receivables, as described under “Analysis of Credit Losses” below.  Additionally, the Company recorded lower interest expenses for the fiscal year 2020, which also increased net portfolio yield.
Content analysis ?
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