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NHLD National

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
NASDAQ
Website
www.nhldcorp.com/
CEO
Michael Mullen
Employees
Incorporated
Delaware
Location
New York
Fiscal year end
Sep 30
Sector
Finance and Insurance > Investment Banking and Securities Dealing
Industry (SIC)
Security & Commodity Brokers, Dealers, Exchanges & Services
Intercontinental Exchange • CME • Nasdaq Inc - 144A • LPL Financial • Price T Rowe • StoneX • BGC Partners • Tradeweb Markets Inc Cls A • Yintech Investment • Cboe Global Markets ...
Former names
OLYMPIC CASCADE FINANCIAL CORP
SEC CIK
0001023844
Corporate docs
IRS number
364128138

NHLD stock data

(
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Press releases

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B. Riley Financial Completes Acquisition of National Holdings Corporation, Creates Meaningfully Enhanced Wealth Management Platform
25 Feb 21
LOS ANGELES and NEW YORK, Feb. 25, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley") and National Holdings Corporation (NASDAQ:NHLD) ("National") today announced the completion of
B. Riley Financial Announces Final Results of Cash Tender Offer for National Holdings Corporation
25 Feb 21
LOS ANGELES, Feb. 25, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley") today announced the successful completion and final results for the cash tender offer ("Offer") to purchase
Quantum Computing Inc. Appoints Robert B. Fagenson, National Holdings Vice Chairman and Former NYSE Floor Governor and Vice Chairman, to its Board of Directors
23 Feb 21
LEESBURG, Va., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTCQB:QUBT) (QCI), a leader in bridging the power of classical and quantum computing, has appointed finance and capital markets industry leader,
INVESTIGATION ALERT: Halper Sadeh LLP Investigates NHLD, FFG, CPAH, MDCA; Shareholders Are Encouraged to Contact the Firm
6 Feb 21
INVESTIGATION ALERT: Halper Sadeh LLP Investigates MDCA, NHLD, COHR, UROV; Shareholders Are Encouraged to Contact the Firm
4 Feb 21

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Feb 21
13 Apr 21
30 Sep 21

Financial summary

Financial statements Chart NHLD financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from National earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss 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 (positive/no burn) 432K 622.75K (positive/no burn) (positive/no burn)
Cash used (since last report) 371.76K n/a 1.49M 2.14M n/a n/a
Cash remaining 27.59M n/a 26.48M 25.82M n/a n/a
Runway (months of cash) 255.5 n/a 61.3 41.5 n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

NHLD insider ownership history Insider history
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
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

NHLD institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
 Current Prev Q Change
Total holders 18 19 -5.3%
Opened positions 4 2 +100.0%
Closed positions 5 0 NEW
Increased positions 3 5 -40.0%
Reduced positions 5 4 +25.0%
13F shares
 Current Prev Q Change
Total value 42.44M 16.65M +154.9%
Total shares 16.64M 8.02M +107.5%
Total puts 0 815.76K EXIT
Total calls 0 11 EXIT
Total put/call ratio – 74159.9 –
Largest owners
 Shares Value Change
RILY B. Riley Financial 6.16M $18.66M 0.0%
NHC 6.16M $11.33M NEW
Equitec Proprietary Markets 1.73M $5.24M +27.3%
Asher Daniel 1.71M $4.5M NEW
RMB Capital Management 496.1K $1.53M NEW
Vanguard 110.39K $334K -49.5%
Bridgeway Capital Management 82.4K $250K 0.0%
Beryl Capital Management 58.18K $176K NEW
Renaissance Technologies 57.81K $175K +6.6%
National Asset Management 31.22K $96K -44.5%
Largest transactions
 Shares Bought/sold Change
NHC 6.16M +6.16M NEW
Asher Daniel 1.71M +1.71M NEW
RMB Capital Management 496.1K +496.1K NEW
Equitec Proprietary Markets 1.73M +371.39K +27.3%
Vanguard 110.39K -108.1K -49.5%
Beryl Capital Management 58.18K +58.18K NEW
National Asset Management 31.22K -25.05K -44.5%
BAC Bank Of America 0 -20K EXIT
Miramar Capital 0 -14.92K EXIT
Millennium Management 0 -10.85K EXIT
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
H&R Block • Canada • Franchise
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: appraisal, assumption, attract, CECL, Chairman, Chief, commercial, concealment, Concurrently, confidential, cooperating, cybersecurity, Del, delegated, delivery, DGCL, Dharma, director, documentation, exacerbated, Failure, Feb, fine, fraud, hypothetical, impression, incurrence, injunction, Insight, investigation, mediation, mediator, merge, Michael, midnight, minute, misrepresentation, misrepresented, motivate, omitted, outpaced, owner, partner, pendency, perfected, principle, procedure, PSU, purportedly, pursue, Raul, recommend, recommendation, recommended, Red, rescission, settle, Singer, stockholder, surviving, timeframe, twentieth, undertaken, validly, Vice, volume, withdrawal, withdrawn, xiii
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
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
15 Feb 21
10-K/A
2020 FY
Annual report (amended)
28 Jan 21
10-K
2020 FY
Annual report
29 Dec 20
10-Q
2020 Q3
Quarterly report
13 Aug 20
10-Q
2020 Q2
Quarterly report
14 May 20
10-Q
2020 Q1
Quarterly report
13 Feb 20
10-K/A
2019 FY
Annual report (amended)
28 Jan 20
10-K
2019 FY
Annual report
30 Dec 19
10-Q
2019 Q3
Quarterly report
13 Aug 19
10-Q
2019 Q2
Quarterly report
15 May 19

Current reports

View all
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

View all
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

Proxies

View all
DEFA14A
Additional proxy soliciting materials
23 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
DEF 14A
Definitive proxy
25 Feb 19
DEF 14A
Definitive proxy
16 Jan 18
DEF 14A
Definitive proxy
29 Dec 16
PRE 14A
Preliminary proxy
14 Dec 16
DEFA14A
Additional proxy soliciting materials
1 Jul 15
DEF 14A
Definitive proxy
1 Jul 15
DEF 14A
Definitive proxy
30 Jun 14
DEFA14A
Additional proxy soliciting materials
5 Jun 14

Other

View all
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

View all
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

Transcripts

2019 Q3
Earnings call transcript
15 Aug 19
2019 Q2
Earnings call transcript
16 May 19
2019 Q1
Earnings call transcript
23 Feb 19

Reddit threads

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