Nicholas Financial, Inc. to Acquire Approximately $19 Million of Platinum Auto Finance’s Active Portfolio
Nicholas Financial, Inc. (NICK)
US:NASDAQ Investor Relations:
nicholasfinancial.com/annlrepdocs/anlinf07.htm
Company Research
Source: GlobeNewswire
CLEARWATER, Fla., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto leader focused on servicing the needs of the local independent dealer – announced today that they have entered into an agreement with Platinum Auto Finance of Tampa Bay, LLC (d/b/a Platinum Auto Finance) to acquire approximately $19 million of Platinum’s active and performing portfolio. This is the 3rd bulk portfolio purchase of Platinum Auto Finance’s receivable base in as many months. The first bulk purchases were $1.1 million and $0.9 million respectively, laying the groundwork for this much larger acquisition. “We have had a positive relationship with Platinum for some time now, and we are pleased we could see this acquisition through,” said Doug Marohn, president and CEO of Nicholas Financial. “Bringing over this portfolio to Nicholas increases our indirect portfolio by approximately 10% and will be immediately accretive. It also
Show less
Read more
Impact Snapshot
Event Time:
NICK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NICK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NICK alerts
High impacting Nicholas Financial, Inc. news events
Weekly update
A roundup of the hottest topics
NICK
Sec Filings
- 9/27/24 - Form 8-K
- 9/18/24 - Form 4
- 9/18/24 - Form 3
- NICK's page on the SEC website