National Holdings Corp. engages in the provision of investment banking services. It operates through the following segments: Brokerage and Advisory Services and Tax and Accounting Services. The Brokerage and Advisory Services segment includes broker-dealer and investment advisory services, sale of insurance products and licensed mortgage brokerage services. The Tax and Accounting Services segment includes tax preparation and accounting services provided by National Tax. The company was founded in 1947 and is headquartered in New York, NY.
Company profile
Ticker
NHLD
Exchange
Website
CEO
Michael Mullen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
OLYMPIC CASCADE FINANCIAL CORP
SEC CIK
Corporate docs
Subsidiaries
National Securities Corporation • National Asset Management, Inc. • National Insurance Corporation • National Tax and Financial Services, Inc. • GC Capital Corporation • Prime Financial Services, Inc. • Winslow Evans & Crocker, Inc. • Winslow Evans & Crocker Insurance Agency, Inc. • Winslow Financial, Inc. • United Advisors, LLC ...
IRS number
364128138
NHLD stock data
Investment data
Securities sold
Number of investors
Calendar
15 Feb 21
16 Aug 22
30 Sep 22
Financial summary
| Quarter (USD) | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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| Diluted EPS |
| Annual (USD) | Sep 20 | Sep 19 | Sep 18 | Sep 17 | |
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| Cost of revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 27.97M | 27.97M | 27.97M | 27.97M | 27.97M | 27.97M |
| Cash burn (monthly) | 108K | (no burn) | 432K | 622.75K | (no burn) | (no burn) |
| Cash used (since last report) | 2.11M | n/a | 8.44M | 12.17M | n/a | n/a |
| Cash remaining | 25.85M | n/a | 19.52M | 15.8M | n/a | n/a |
| Runway (months of cash) | 239.4 | n/a | 45.2 | 25.4 | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Feb 21 | Daniel Hume | Common Stock | Dispose U | No | No | 3.25 | 62,151 | 201.99K | 0 | |
| 25 Feb 21 | Daniel Hume | RSU Common Stock | Sale back to company | Dispose D | No | No | 3.25 | 46,602 | 151.46K | 0 |
| 25 Feb 21 | Michael Evan Singer | Common Stock | Dispose U | No | No | 3.25 | 33,397 | 108.54K | 0 | |
| 25 Feb 21 | Michael Evan Singer | RSU Common Stock | Sale back to company | Dispose D | No | No | 3.25 | 3,602 | 11.71K | 0 |
| 25 Feb 21 | Worman Glenn C. | Common Stock | Dispose U | No | No | 3.25 | 118,502 | 385.13K | 0 | |
| 25 Feb 21 | Worman Glenn C. | RSU Common Stock | Sale back to company | Dispose D | No | No | 3.25 | 531,251 | 1.73M | 0 |
| 25 Feb 21 | DeSena John C. | Common Stock | Dispose U | No | No | 3.25 | 75,626 | 245.78K | 0 | |
| 25 Feb 21 | DeSena John C. | RSU Common Stock | Sale back to company | Dispose D | No | No | 3.25 | 332,465 | 1.08M | 0 |
| 25 Feb 21 | Jeff Gary | Common Stock | Dispose U | No | No | 3.25 | 16,667 | 54.17K | 0 | |
| 25 Feb 21 | Jeff Gary | RSU Common Stock | Sale back to company | Dispose D | No | No | 3.25 | 66,013 | 214.54K | 0 |
Institutional ownership, Q3 2021
54.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 23.19M |
| Total shares | 7.46M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| NHC | 5.75M | $18.69M |
| Asher Daniel | 1.71M | $4.5M |
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Bad
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New words:
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Removed:
accelerated, accounted, achieved, acquiring, ago, agreeing, allocating, amend, announcing, applicability, appoint, arising, assessed, assigned, assigning, assumed, attend, audit, auditor, beneficial, bid, bona, Boston, brand, breakdown, build, built, capacity, carryforward, cease, ceased, Certified, collateral, compelled, concentrated, constitute, contest, continuity, counterparty, critical, daily, damage, deposited, designate, designated, dynamic, eliminate, employee, environment, escrow, exist, expand, expansion, exposed, facilitate, fail, fide, finalize, foreign, function, generation, geographical, global, goodwill, govern, heart, hiring, impending, improper, inadequate, increasing, independence, influencing, initiate, instituted, integrity, invest, judicial, large, leased, legally, lending, lessee, limiting, line, listed, location, MA, million, modified, monitored, monitoring, nominated, observer, obtaining, occurring, opened, oversee, overseeing, ownership, package, participate, participation, pattern, perform, physical, platform, political, position, proceeding, processing, prohibit, prohibiting, proprietary, protecting, provisional, purpose, quantifiable, rapidly, rata, recent, recognizing, recording, reduced, reduction, relationship, release, reliant, replacement, represented, reputation, requesting, require, requiring, senior, shutdown, slower, software, soliciting, standard, statute, straight, stringent, strong, subscription, successor, suffer, tangible, team, thereof, traditional, unauthorized, utilize, validity, waive, written
Financial reports
Current reports
8-K
Termination of a Material Definitive Agreement
25 Feb 21
8-K
B. Riley Financial to Acquire National Holdings
11 Jan 21
8-K
National Holdings Corporation Reports Financial Results for the 2020 Fiscal Fourth Quarter and 2020 Fiscal Year
30 Dec 20
8-K
Other Events
17 Sep 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
11 Sep 20
8-K
National Holdings Corporation Reports Financial Results, including Record Revenue, for the Fiscal 2020 Third Quarter
13 Aug 20
8-K
National Holdings Corporation Reports Financial Results for the Fiscal 2020 Second Quarter
15 May 20
8-K
Other Events
6 May 20
8-K
Entry into a Material Definitive Agreement
29 Apr 20
8-K
Amendments to Articles of Incorporation or Bylaws
6 Apr 20
Registration and prospectus
15-12B
Securities registration termination
10 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 21
POS AM
Prospectus update (post-effective amendment)
25 Feb 21
POS AM
Prospectus update (post-effective amendment)
25 Feb 21
Other
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
EFFECT
Notice of effectiveness
5 Mar 21
CORRESP
Correspondence with SEC
8 Feb 21
UPLOAD
Letter from SEC
4 Feb 21
Ownership
SC 13D/A
NATIONAL / NHC ownership change
2 Mar 21
4
NATIONAL / Barbara Creagh ownership change
25 Feb 21
4
NATIONAL / John C. DeSena ownership change
25 Feb 21
4
NATIONAL / Jeff Gary ownership change
25 Feb 21
4
NATIONAL / DANIEL HUME ownership change
25 Feb 21
4
NATIONAL / Michael Evan Singer ownership change
25 Feb 21
4
NATIONAL / Michael A Mullen ownership change
25 Feb 21
4
NATIONAL / Glenn C. Worman ownership change
25 Feb 21
4
NATIONAL / ROBERT B FAGENSON ownership change
25 Feb 21
4/A
NATIONAL / Michael A Mullen ownership change
18 Feb 21