Longfellow Investment Management Co. LLC maintained its position in shares of National Interstate Corp. (NASDAQ:NATL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,669 shares of the company’s stock at the end of the second quarter. National Interstate Corp. makes up approximately 3.2% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 15th largest position. Longfellow Investment Management Co. LLC’s holdings in National Interstate Corp. were worth $9,004,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Springbok Capital Management LLC bought a new position in shares of National Interstate Corp. during the first quarter worth approximately $135,000. Highland Capital Management LLC bought a new position in shares of National Interstate Corp. during the second quarter worth approximately $206,000. Alpine Partners VI LLC bought a new position in shares of National Interstate Corp. during the first quarter worth approximately $242,000. Strs Ohio bought a new position in shares of National Interstate Corp. during the second quarter worth approximately $317,000. Finally, Spark Investment Management LLC boosted its position in shares of National Interstate Corp. by 47.2% in the first quarter. Spark Investment Management LLC now owns 15,900 shares of the company’s stock worth $475,000 after buying an additional 5,100 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors.
Shares of National Interstate Corp. (NASDAQ:NATL) remained flat at $32.40 during midday trading on Tuesday. The company’s stock had a trading volume of 8,283 shares. National Interstate Corp. has a 12-month low of $21.15 and a 12-month high of $34.49. The company has a market cap of $645.63 million, a price-to-earnings ratio of 28.05 and a beta of 1.07. The firm’s 50-day moving average is $32.49 and its 200-day moving average is $31.44.
National Interstate Corp. (NASDAQ:NATL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.11. National Interstate Corp. had a net margin of 3.57% and a return on equity of 7.63%. On average, analysts forecast that National Interstate Corp. will post $1.85 EPS for the current fiscal year.
Separately, Zacks Investment Research cut National Interstate Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 11th.
National Interstate Corp. Company Profile
National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States.
Want to see what other hedge funds are holding NATL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Interstate Corp. (NASDAQ:NATL).
Receive News & Ratings for National Interstate Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Interstate Corp. and related companies with MarketBeat.com's FREE daily email newsletter.