President & CEO of Nicholas Financial Inc. (NICK) Peter L Vosotas sells 3,700 shares of NICK on 10/21/2010 at an average price of $10.05 a share.

Nicholas Financial Inc. has a market cap of $117.74 million; its shares were traded at around $9.99 with a P/E ratio of 9.61 and P/S ratio of 2.08. Nicholas Financial Inc. had an annual average earning growth of 4.7% over the past 10 years.

NICK is in the portfolios of Glenn Greenberg of Brave Warrior Capital, Inc., Jim Simons of Renaissance Technologies LLC.

This is the annual revenues and earnings per share of NICK over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NICK.

CEO Recent Trades:

• Sell: President and CEO Peter L Vosotas sold 3,600 shares of NICK stock on 10/08/2010 at the average price of 9.1. Peter L Vosotas owns at least 1,723,708 shares after this. The price of the stock has increased by 9.78% since.


• Sell: President and CEO Peter L Vosotas sold 1,800 shares of NICK stock on 10/01/2010 at the average price of 9.19. Peter L Vosotas owns at least 1,727,308 shares after this. The price of the stock has increased by 8.71% since.


• Sell: President and CEO Peter L Vosotas sold 2,000 shares of NICK stock on 09/30/2010 at the average price of 9.47. Peter L Vosotas owns at least 1,729,108 shares after this. The price of the stock has increased by 5.49% since.


• Sell: President & CEO Peter L Vosotas sold 3,000 shares of NICK stock on 05/12/2010 at the average price of 9. Peter L Vosotas owns at least 1,736,108 shares after this. The price of the stock has increased by 11% since.


• Sell: President & CEO Peter L Vosotas sold 10,000 shares of NICK stock on 05/04/2010 at the average price of 8.75. Peter L Vosotas owns at least 1,739,108 shares after this. The price of the stock has increased by 14.17% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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