Hilton Capital Management buys $6,738,920 stake in First of Long Island Corp (FLIC)

First of Long Island Corp (FLIC) : Hilton Capital Management scooped up 40,848 additional shares in First of Long Island Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 221,675 shares of First of Long Island Corp which is valued at $6,738,920.First of Long Island Corp makes up approximately 2.21% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in FLIC by selling 10,035 shares or 66.19% in the most recent quarter. The Hedge Fund company now holds 5,125 shares of FLIC which is valued at $155,134. First of Long Island Corp makes up approx 0.05% of Independent Portfolio Consultants’s portfolio. Bnp Paribas Arbitrage Sa added FLIC to its portfolio by purchasing 556 company shares during the most recent quarter which is valued at $16,458.

First of Long Island Corp closed down -0.06 points or -0.20% at $30.35 with 34,240 shares getting traded on Friday. Post opening the session at $30.24, the shares hit an intraday low of $30.08 and an intraday high of $30.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on First of Long Island Corp. First of Long Island Corp was Downgraded by Raymond James to ” Mkt Perform” on May 2, 2016.

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its wholly owned subsidiary The First National Bank of Long Island (the Bank). The Bank has two wholly owned subsidiaries: The First of Long Island Agency Inc. (Agency) and FNY Service Corp. Its services include account reconciliation services bank by mail personal money orders bill payment remote deposit cash management services safe deposit boxes collection services securities transactions controlled disbursement accounts signature guarantee services and drive-through banking among others. It serves the financial needs of privately owned businesses professionals consumers public bodies and other organizations primarily in Nassau and Suffolk Counties Long Island New York. Its loan portfolio comprises loans to borrowers on Long Island and in the boroughs of New York City and its real estate loans are secured by properties located in those areas.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *