Numeric Investors LLC increased its position in Northeast Bancorp (NASDAQ:NBN) by 26.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,642 shares of the financial services provider’s stock after buying an additional 20,197 shares during the period. Numeric Investors LLC owned 1.11% of Northeast Bancorp worth $1,987,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NBN. Russell Investments Group Ltd. increased its stake in Northeast Bancorp by 16.7% during the second quarter. Russell Investments Group Ltd. now owns 118,873 shares of the financial services provider’s stock worth $2,419,000 after acquiring an additional 16,973 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Northeast Bancorp by 68.7% during the second quarter. Acadian Asset Management LLC now owns 34,002 shares of the financial services provider’s stock valued at $691,000 after buying an additional 13,847 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Northeast Bancorp during the second quarter valued at approximately $707,000. Eagle Global Advisors LLC bought a new position in shares of Northeast Bancorp during the second quarter valued at approximately $228,000. Finally, Bessemer Group Inc. bought a new position in shares of Northeast Bancorp during the second quarter valued at approximately $120,000. Institutional investors own 54.89% of the company’s stock.
Northeast Bancorp (NASDAQ:NBN) opened at 27.75 on Friday. The stock’s 50 day moving average price is $23.27 and its 200-day moving average price is $20.01. The company has a market cap of $245.42 million, a PE ratio of 20.11 and a beta of 0.33. Northeast Bancorp has a 1-year low of $10.85 and a 1-year high of $28.15.
Northeast Bancorp Company Profile
Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.
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