The First of Long Island Co. (NASDAQ:FLIC) Short Interest Update

The First of Long Island Co. (NASDAQ:FLIC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 141,500 shares, a growth of 19.9% from the December 15th total of 118,000 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 98,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On First of Long Island

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in shares of First of Long Island in the third quarter worth approximately $5,407,000. AQR Capital Management LLC lifted its stake in shares of First of Long Island by 272.6% during the 2nd quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock valued at $4,397,000 after buying an additional 321,032 shares in the last quarter. American Century Companies Inc. increased its stake in First of Long Island by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock worth $3,522,000 after buying an additional 51,792 shares in the last quarter. Barclays PLC increased its stake in First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock worth $743,000 after buying an additional 24,399 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of First of Long Island in the second quarter valued at about $230,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Performance

First of Long Island stock traded up $0.09 during trading on Friday, reaching $11.80. The company had a trading volume of 81,999 shares, compared to its average volume of 81,067. The firm has a market capitalization of $266.02 million, a price-to-earnings ratio of 13.41 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The firm’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $12.69. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03.

First of Long Island Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.12%. First of Long Island’s dividend payout ratio (DPR) is presently 95.45%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of First of Long Island in a research report on Wednesday. They set a “hold” rating for the company.

About First of Long Island

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, and individual retirement accounts.