Invenomic Capital Management LP Grows Stock Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Invenomic Capital Management LP boosted its position in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 145.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,997,729 shares of the mining company's stock after acquiring an additional 4,145,767 shares during the quarter. Invenomic Capital Management LP owned 1.30% of Northern Dynasty Minerals worth $2,320,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. GAM Holding AG grew its stake in shares of Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock worth $155,000 after acquiring an additional 180,000 shares in the last quarter. Herr Investment Group LLC boosted its holdings in Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock valued at $3,204,000 after purchasing an additional 999,891 shares during the period. Smith Anglin Financial LLC grew its stake in Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company's stock worth $35,000 after purchasing an additional 40,000 shares in the last quarter. Cadinha & Co. LLC increased its holdings in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock worth $464,000 after purchasing an additional 400,000 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Northern Dynasty Minerals by 673.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HC Wainwright upped their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com assumed coverage on Northern Dynasty Minerals in a research note on Sunday. They set a "sell" rating for the company.

Northern Dynasty Minerals Trading Up 2.2 %

NAK traded up $0.01 during trading on Wednesday, reaching $0.47. The company's stock had a trading volume of 1,499,606 shares, compared to its average volume of 1,643,048. Northern Dynasty Minerals Ltd. has a 52-week low of $0.23 and a 52-week high of $0.56. The firm has a market capitalization of $252.41 million, a PE ratio of -11.48 and a beta of 0.55.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.