TCW Group Amends NICHOLAS FINANCIAL Stake to 616,230 Shares
Ticker: OMCC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1000045
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-disclosure
TL;DR
**TCW Group still holds 616,230 shares of Nicholas Financial, showing continued institutional interest.**
AI Summary
TCW Group Inc., a Nevada corporation, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership of 616,230 shares of Nicholas Financial Inc. common stock as of December 31, 2023. This filing indicates that TCW Group Inc. holds shared voting and dispositive power over these shares, representing a significant institutional stake. This matters to investors because large institutional holdings can influence stock stability and future corporate actions, signaling a vote of confidence or potential for strategic shifts.
Why It Matters
This filing shows a major institutional investor's current stake, which can impact investor sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This is a routine update on institutional ownership and does not indicate any immediate negative or positive financial risk.
Analyst Insight
Investors should note the continued institutional interest from TCW Group Inc. as a factor in their long-term analysis of Nicholas Financial Inc., but this filing alone doesn't suggest immediate action.
Key Numbers
- 616,230 — Shares Beneficially Owned (Represents the total common stock shares of Nicholas Financial Inc. held by TCW Group Inc.)
- 12/31/2023 — Date of Event (The specific date on which the ownership requiring this filing was established.)
Key Players & Entities
- TCW Group Inc. (company) — the reporting person and institutional investor
- Nicholas Financial Inc. (company) — the issuer of the common stock
- 616,230 (dollar_amount) — number of shares beneficially owned by TCW Group Inc.
- December 31, 2023 (date) — date of the event requiring the filing
- Nevada (company) — state of incorporation for TCW Group Inc.
Forward-Looking Statements
- TCW Group Inc. will maintain a significant stake in Nicholas Financial Inc. for the foreseeable future. (TCW Group Inc.) — medium confidence, target: 12/31/2024
FAQ
What is the purpose of this SC 13G/A filing by TCW Group Inc.?
This SC 13G/A filing is an amendment (Amendment No. 7) to a previous Schedule 13G, indicating an update to TCW Group Inc.'s beneficial ownership of Nicholas Financial Inc. common stock as of December 31, 2023, filed under Rule 13d-1(b).
How many shares of Nicholas Financial Inc. does TCW Group Inc. beneficially own according to this filing?
According to the filing, TCW Group Inc. beneficially owns 616,230 shares of Nicholas Financial Inc. common stock as of December 31, 2023.
What type of voting and dispositive power does TCW Group Inc. have over these shares?
TCW Group Inc. has shared voting power and shared dispositive power over all 616,230 shares, with sole voting and sole dispositive power listed as 0.
What is the CUSIP number for Nicholas Financial Inc. common stock mentioned in the filing?
The CUSIP number for Nicholas Financial Inc. common stock is 65373J209.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,330 words · 5 min read · ~4 pages · Grade level 8.5 · Accepted 2024-02-12 11:56:49
Filing Documents
- tm243945d3_sc13ga.htm (SC 13G/A) — 59KB
- 0001104659-24-013993.txt ( ) — 60KB
(a)
Item 1(a). Name of Issuer: NICHOLAS FINANCIAL INC.
(b)
Item 1(b). Address of Issuer's Principal Executive Offices: 2454 McMullen Booth Road, Building C Clearwater, FL 33759
(a)
Item 2(a). Name of Persons Filing:
(b)
Item 2(b). Address of Principal Business Office, or if None, Residence:
(c)
Item 2(c). Citizenship: The TCW Group, Inc., on behalf of the TCW Business Unit 515 South Flower Street Los Angeles, CA 90071 (Nevada Corporation)
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 65373J209 Page 4 of 7 Item 3 If This Statement Is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). ( see Item 7) The TCW Group, Inc., on behalf of the TCW Business Unit (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with §240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. Page 5 of 7 Item 4. ** The TCW Group, Inc., on behalf of the Business Unit *** (a) Amount beneficially owned: 616,230 (b) Percent of class: 8.44% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: none. (ii) Shared power to vote or to direct the vote: 616,230 (iii) Sole power to dispose or to direct the disposition of: none. (iv) Shared power to dispose or to direct the disposition of: 616,230 ** The filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange