Iroquois Capital Management Further Boosts Stake In National Holdings Corporation (NHLD)

According to a recent filing with the Securities and Exchange Commission, Iroquois Capital Management has increased its holding of National Holdings Corporation (OTCBB:NHLD) by 1 million shares and is currently holding 8.45 million shares. The current stake accounts for 6.9% of the total number of shares outstanding.

National Holdings

Earlier this month, Iroquois had two of its principals, Richard Abbe and Joshua Silverman, elected to the Board of Directors of National Holdings Corporation (OTCBB:NHLD). Both are to serve on the company’s Strategy Committee.

“Today’s action taken by the Board of Directors will provide additional independent voices and further assist National Holdings in executing its strategic growth plan. National Holdings has consistently reported strong results over the past several quarters and looks forward to the contributions from Rich and Josh as the Company continues to diversify its revenue streams, drive profitability, improve margins, reduce costs, expand its client base and offer additional complementary products and services”, said Mark D. Klein, National Holdings’ Chief Executive Officer and Co-Executive Chairman, according to a statement.

National Holdings Corporation (OTCBB:NHLD) is also on the radar of Mendon Capital Advisors. During the first quarter of this year, Anton Schutz, the fund’s manager, has increased its stake by 16% to approximately 3.67 million shares.

National Holdings Corporation (OTCBB:NHLD) is a provider of  investment banking and asset management services and has a market cap of $65 million and does not pay a dividend. So far this year, the stock has been trending sideways, close to the $0.5 level and is currently trading at $0.53 per share. Shares carry a trailing Price to Earnings (P/E) ratio of 12.xx, which is lower than the industry average of 19.00. For the first three months of 2014, National Holdings Corporation reported revenues of $52.7 million, up 60% year-over-year, and earnings per share (EPS) have increased from $0.01 posted for the same period last year to $0.03.

Disclosure: none.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!