<SEC-DOCUMENT>0001398344-21-016071.txt : 20210812
<SEC-HEADER>0001398344-21-016071.hdr.sgml : 20210812
<ACCEPTANCE-DATETIME>20210812171656
ACCESSION NUMBER:		0001398344-21-016071
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210812
DATE AS OF CHANGE:		20210812

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NICHOLAS FINANCIAL INC
		CENTRAL INDEX KEY:			0001000045
		STANDARD INDUSTRIAL CLASSIFICATION:	SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
		IRS NUMBER:				593019317
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59007
		FILM NUMBER:		211168712

	BUSINESS ADDRESS:	
		STREET 1:		2454 MCMULLEN BOOTH RD
		STREET 2:		BLDG C SUITE 501B
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33759
		BUSINESS PHONE:		7277260763

	MAIL ADDRESS:	
		STREET 1:		2454 MCMULLEN BOOTH RD
		STREET 2:		BLDG C SUITE 501B
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33759

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNOLIA CAPITAL FUND, LP
		CENTRAL INDEX KEY:			0001618333
		IRS NUMBER:				464969706
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1601 DODGE STREET, SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
		BUSINESS PHONE:		402-509-8456

	MAIL ADDRESS:	
		STREET 1:		1601 DODGE STREET, SUITE 3300
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>fp0067956_sc13da.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 11pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>UNITED STATES</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>Washington, D.C. 20549</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>SCHEDULE 13D</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>Under the Securities Exchange Act of 1934</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>(Amendment No. 9)</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Nicholas Financial, Inc.</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(Name of Issuer)</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Common Stock, no par value per share</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(Title of Class of Securities)</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">65373J209</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(CUSIP
Number)</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Adam K. Peterson</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">1601 Dodge Street, Suite 3300</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Omaha, NE 68102</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(402) 509-8456</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(Name, Address and Telephone Number of Person</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Authorized
to Receive Notices and Communications)</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"> August 9, 2021</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">(Date of Event which Requires Filing of this Statement)</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the
subject of this Schedule 13D, and is filing this schedule because of &sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [X].</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><B>Note:</B> Schedules filed in paper format shall include a signed original and five copies of the schedule, including
all exhibits. See &sect;240.13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures
provided in a prior cover page.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">The information required on the remainder of this cover page shall not be deemed to be "filed" for
the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see the Notes).</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Continued on following pages</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Page 1 of 10
Pages</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>



<P STYLE="margin: 0"></P>


<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
 <TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 1  of 10 Pages</TD>
 </TR>
 </TABLE>
<P STYLE="margin:0"></P>

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    <DIV STYLE="margin-bottom: 6pt"><P STYLE="text-align: center; margin-top: 0pt; font: 9pt Times New Roman, Times, Serif; margin-bottom: 0pt">&nbsp;</P><P STYLE="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">

 <TR>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; vertical-align: top; width: 6%">1.</TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid;width: 84%">NAMES OF REPORTING PERSONS <BR><BR>Magnolia Capital Fund, LP</TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">2.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <BR>(see instructions) <BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;] <BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;]</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">3.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SEC USE ONLY<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">4.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">SOURCE OF FUNDS (see instructions)</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">WC</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">5.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [&#8239;&#8239;&#8239;]</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">6.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>STATE OF DELAWARE, UNITED STATES OF AMERICA</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
 <TR>
  <TD ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center; width: 16%">NUMBER OF <BR> SHARES <BR> BENEFICIALLY <BR> OWNED BY EACH<BR> REPORTING<BR> PERSON WITH</TD>
  <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 7%; vertical-align: top">7.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 77%">SOLE VOTING POWER (power for all SMAs)<BR>&nbsp;<BR>2,273,994</TD>
 </TR>
 <TR>
  <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED VOTING POWER<BR>&nbsp;<BR>0</TD>
 </TR>
 <TR>
  <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>2,273,994</TD>
 </TR>
 <TR>
  <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>&nbsp;0</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 6%; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 84%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>&nbsp;<BR>2,273,994</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">10.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <BR>(see
  instructions)&nbsp;<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">11.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>&nbsp;<BR>29.78%</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">12.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">TYPE OF REPORTING PERSON (see instructions)<BR>&nbsp;<BR>PN&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                            <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
 </TR>
 </TABLE>
<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>
<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>



<P STYLE="margin: 0"></P>


<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
 <TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 2   of 10 Pages</TD>
 </TR>
 </TABLE>
<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">

 <TR>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; vertical-align: top; width: 6%">1.</TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 84%">NAMES OF REPORTING PERSONS <BR><BR>The Magnolia
Group, LLC </TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">2.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <BR>(see instructions) <BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;] <BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;]</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">3.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SEC USE ONLY<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">4.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">SOURCE OF FUNDS (see instructions)</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">WC</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">5.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [&#8239;&#8239;&#8239;]</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">6.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>STATE OF OKLAHOMA, UNITED STATES OF AMERICA</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
 <TR>
  <TD ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center; width: 16%">NUMBER OF <BR> SHARES <BR> BENEFICIALLY <BR> OWNED BY EACH<BR> REPORTING<BR> PERSON WITH</TD>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 7%; vertical-align: top">7.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 77%">SOLE VOTING POWER (power for all SMAs)<BR>&nbsp;<BR>2,273,994</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED VOTING POWER<BR>&nbsp;<BR>0</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>2,273,994</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>&nbsp;0</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 6%; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 84%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>&nbsp;<BR>2,273,994</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">10.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <BR>(see
  instructions)&nbsp;<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">11.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>&nbsp;<BR>29.78%</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">12.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">TYPE OF REPORTING PERSON (see instructions)<BR>&nbsp;<BR>IA</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR></TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 3   of 10 Pages</TD>
 </TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%"><TR><TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; vertical-align: top; width: 6%">1.</TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 84%">NAMES OF REPORTING PERSONS <BR><BR>Adam K. Peterson</TD>
  <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">2.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP <BR>(see instructions) <BR>(a)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;] <BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;&nbsp;]</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">3.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SEC USE ONLY<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">4.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">SOURCE OF FUNDS (see instructions)</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">WC</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">5.</TD>
  <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [&#8239;&#8239;&#8239;]</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">6.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>&nbsp;<BR>UNITED STATES OF AMERICA</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
 <TR>
  <TD ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center; width: 16%">NUMBER OF <BR> SHARES <BR> BENEFICIALLY <BR> OWNED BY EACH<BR> REPORTING<BR> PERSON WITH</TD>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 7%; vertical-align: top">7.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 77%">SOLE VOTING POWER (power for all SMAs)<BR>&nbsp;<BR>2,283,372</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED VOTING POWER<BR>&nbsp;<BR>0</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SOLE DISPOSITIVE POWER<BR>&nbsp;<BR>2,283,372</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">8.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">SHARED DISPOSITIVE POWER<BR>&nbsp;<BR>&nbsp;0</TD>
 </TR>
 </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 6%; vertical-align: top">9.</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 84%">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>&nbsp;<BR>2,283,372</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 10%">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">10.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <BR>(see
  instructions)&nbsp;<BR>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">11.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>&nbsp;<BR>29.90%</TD>
  <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
 </TR>
 <TR>
  <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">12.</TD>
  <TD STYLE="border-bottom: Black 1pt solid">TYPE OF REPORTING PERSON (see instructions)<BR>&nbsp;<BR>IN</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR></TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 4    of 10 Pages</TD></TR></TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 1. Security and Issuer.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">This statement on Schedule 13D relates to shares of common stock, no par value per share
(the &ldquo;Common Stock&rdquo;) of Nicholas Financial, Inc. (the &ldquo;Issuer&rdquo;). The address of the principal executive
office of the Issuer is 2454 McMullen Booth Road, Building C, Clearwater, Florida 33759.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 2. Identity and Background.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)-(c)</TD><TD STYLE="text-align: justify">This Schedule 13D is being jointly filed by Magnolia Capital Fund, LP (&ldquo;MCF&rdquo;), The
                                                                                   Magnolia Group, LLC (&ldquo;TMG&rdquo;), a registered investment adviser, and Adam K. Peterson (each a &ldquo;Reporting
                                                                                   Person&rdquo; and, collectively, the &ldquo;Reporting Persons&rdquo;) with respect to shares of common stock, no par value per share
                                                                                   of the Issuer (the&ldquo;Common Stock&rdquo;) owned directly by MCF.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-left: 0.5in; margin-top: 0; margin-bottom: 0">TMG is the general partner of MCF. Mr. Peterson is the managing
member of TMG. TMG and Mr. Peterson may each exercise voting and dispositive power over the Common Stock held by MCF and, as a
result, may be deemed to be indirect beneficial owners of shares of Common Stock held by MCF. TMG and Mr. Peterson disclaim
beneficial ownership of the Common Stock.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-left: 0.5in; margin-top: 0; margin-bottom: 0">The principal business address of each of the Reporting Persons is 1601 Dodge Street,
Suite 3300 Omaha, NE 68102.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify">During the past five years, none of the Reporting Persons have
been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(e)</TD><TD STYLE="text-align: justify">During the past five years, none the of Reporting Persons have been a party to a civil proceeding of
                                                                               a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment,
                                                                               decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities
                                                                               laws or finding any violation with respect to such laws.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(f)</TD><TD STYLE="text-align: justify">MCF is a Delaware limited partnership. TMG is an Oklahoma limited
liability company and registered investment adviser. Mr. Peterson is a U.S. citizen.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 3. Source or Amount of Funds or Other Consideration.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">Consideration for the Common Stock described in this Schedule 13D came from the working capital of the MCF. The Common Stock was purchased
by TMG for the benefit of MCF at an aggregated price of $23,536,550.43.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">Adam K. Peterson (&ldquo;Mr. Peterson&rdquo;) directly holds 9,378 shares of Common Stock
and he holds interest in MCF and TMG. The shares held directly by Mr. Peterson were received as compensation for Mr. Peterson's
position on the board of directors of the Company.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 5     of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 4. Purpose of Transaction.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">The Reporting Persons appointed a representative to join the board of directors of the Company. Adam Peterson
joined the board of directors on July 28, 2017.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">The Reporting Persons purchased the Common Stock based on the belief that such
securities, when purchased, were undervalued and represented an attractive investment opportunity. Although Reporting Person has no
specific plan or proposal to acquire additional Common Stock or dispose of the Common Stock, consistent with its investment purpose,
Reporting Person at any time and from time to time may acquire additional Common Stock or dispose of any or all of its Common Stock
depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment
opportunities, liquidity requirements of the Reporting Person and/or other investment considerations. The purpose of the acquisition
of the Common Stock is for investment, and the acquisitions of the Common Stock were made in the ordinary course of business and
were not made for the purpose of acquiring control of the Issuer.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">Also, consistent with the investment purpose, the Reporting Persons may engage in
communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more members of the
board of directors of the Issuer and/or one or more representatives of the Issuer regarding the Issuer.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">Except to the extent the foregoing may be deemed a plan or proposal, Reporting Person has
no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive,
of the instructions to Item 4 of Schedule 13D. The Reporting Person may, at any time and from time to time, review or reconsider its
position and/or change its purpose and/or formulate plans or proposals with respect thereto.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 5. Interest in Securities of the Issuer.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">Based upon the Issuer's 14A filed on July 30, 2021, there were 7,636,951 shares outstanding. Based
                                                                                on the foregoing, the shares beneficially owned, in total, represent approximately 29.90% of the shares issued and outstanding. Of
                                                                                the shares beneficially owned, Mr. Peterson may be deemed the beneficial owner of 2,283,372 shares of Common Stock held for the
                                                                                account of the MCF. TMG may be deemed the beneficial owner of 2,273,994 shares of Common Stock held for the account of MCF. MCF may
                                                                                be deemed the beneficial owner of 2,273,994 shares of Common Stock that it holds.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">The information set forth in Rows 7 through 10 of the cover
page for each Reporting Person is hereby incorporated by reference into this Item 5(b) for each such Reporting Person.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">Transactions effected by TMG on behalf of MCF for the past 60
days are listed in Exhibit A. Each of the transactions were executed through TD Ameritrade. The Reporting Persons undertake to provide,
upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices
at which each of the individual transactions were effected.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page   6 of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 6 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Except as disclosed herein, no other person is known to have
the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock
beneficially owned by each of the Reporting Persons.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 11pt; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(e)</TD><TD STYLE="text-align: justify">This item is not applicable.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">The powers
of disposition and voting of the shares are held pursuant to a limited partnership agreement entered into between MCF and TMG. As described
above in Item 2, Mr. Peterson is the managing member of TMG.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><B>Item 7. Material to Be Filed as Exhibits.</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">The following documents are filed
as Exhibits to this statement.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">Exhibit A &ndash; Item 5. (c) Transactions</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">Exhibit B &ndash; Joint Filing Agreement</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 7    of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">SIGNATURE</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">Magnolia Capital Fund, LP</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 5%">By:</TD>
  <TD STYLE="width: 35%">The Magnolia Group, LLC, General Partner</TD>
  <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Name:</TD>
  <TD>Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Title:</TD>
  <TD>Manager</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Date:</TD>
  <TD>8/12/2021</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">The Magnolia Group, LLC</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By:</TD>
  <TD>The Magnolia Group, LLC</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Name:</TD>
  <TD>Adam K. Peterson </TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Title</TD>
  <TD>Manager</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Date:</TD>
  <TD>8/12/2021</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>By</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Name:</TD>
  <TD>Adam K. Peterson </TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Date:</TD>
  <TD>8/12/2021</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 8     of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit A</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">ITEM 5. (c) TRANSACTIONS</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 25%; text-align: center"><FONT STYLE="font-size: 11pt"><B>Date of Transactions</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 25%; text-align: center"><FONT STYLE="font-size: 11pt"><B>Shares</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 27%; text-align: center"><FONT STYLE="font-size: 11pt"><B>Weighted Average Price</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 23%; text-align: center"><FONT STYLE="font-size: 11pt"><B>Price Range</B></FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">6/25/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">3,311</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.25</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.18 - $11.25</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/3/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">3,985</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.06</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.01 - $11.35</FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/4/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">14,133</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.29</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.25 - $11.35</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/5/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">37,800</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.32</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.10 - $11.35</FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/6/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">7,850</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.33</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.25 - $11.35</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/9/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">16,849</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.40</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.40 </FONT></TD></TR>
  <TR STYLE="background-color: Gainsboro">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">8/11/2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">16,105</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.40</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">$11.38-$11.40</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page      9 of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt"><P STYLE="margin: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0">Exhibit B</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">JOINT FILING AGREEMENT</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-indent: 0.25in; margin-top: 0; margin-bottom: 0">Pursuant to Rule 13d-1(k)(1) under the Securities Exchange act of
1934, the undersigned agree, as of July 28, 2017, that only one statement containing the information required by Schedule 13D, and
each amendment thereto, need to be filed with respect to the ownership by each of the undersigned of shares of Common Stock of
Nicholas Financial, Inc., and such statement to which this Joint Filing Agreement is attached as Exhibit B is filed on behalf of
each of the undersigned.</P>

<P STYLE="text-indent: 0.25in; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">Dated: 8/12/2021</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">Magnolia Capital Fund, LP</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 5%">By:</TD>
  <TD STYLE="width: 35%">The Magnolia Group, LLC, General Partner</TD>
  <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Adam K. Peterson, Manager</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">The Magnolia Group, LLC</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>By:</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Adam K. Peterson, Manager</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD COLSPAN="2">&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>By</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Adam K. Peterson</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="4" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR>
  <TD STYLE="width: 30%">CUSIP No. 65373J209</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: center; width: 30%">13D</TD>
  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="text-align: right; width: 30%">Page 10 of 10 Pages</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>




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