Millennium Management LLC Decreases Stake in National Holdings Co. (NHLD)

Millennium Management LLC reduced its holdings in shares of National Holdings Co. (NASDAQ:NHLD) by 43.8% in the 4th quarter, HoldingsChannel reports. The fund owned 17,662 shares of the financial services provider’s stock after selling 13,754 shares during the period. Millennium Management LLC’s holdings in National were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Financial Inc. bought a new position in shares of National during the 4th quarter worth approximately $8,127,000. Miramar Capital LLC bought a new position in shares of National in the fourth quarter valued at $75,000. Finally, Equitec Proprietary Markets LLC bought a new position in shares of National in the fourth quarter valued at $550,000. 42.09% of the stock is owned by institutional investors.

NASDAQ:NHLD opened at $2.91 on Friday. National Holdings Co. has a 1-year low of $2.53 and a 1-year high of $3.79.

National (NASDAQ:NHLD) last released its earnings results on Friday, February 15th. The financial services provider reported $0.08 earnings per share for the quarter. National had a negative net margin of 1.48% and a negative return on equity of 6.38%. The business had revenue of $58.11 million during the quarter.

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National Profile

National Holdings Corp. engages in the provision of investment banking services. It operates through two segment: Brokerage and Advisory Services and Tax and Accounting Services. The Brokerage and Advisory Services segment offers mortgage brokerage solutions and insurance products. The Tax and Accounting Services segment includes tax preparation and accounting services.

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Institutional Ownership by Quarter for National (NASDAQ:NHLD)

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