Russell Investments Group Ltd. Sells 630,489 Shares of Northern Dynasty Minerals, Ltd. $NAK

Key Points

• Russell Investments Group Ltd. sold 630,489 shares of Northern Dynasty Minerals (NAK) in Q2, cutting its stake by 10.5% to 5,389,941 shares (about 1.0% of the company) valued at roughly $7.23 million per its SEC filing.
• Other institutions also shifted positions: XTX Topco boosted its holding 232.7% to 636,134 shares, while American Century, Spark, Kingsview and Cetera added new or larger stakes, leaving total institutional ownership at 10.55%.
• NAK opened at $1.93 (52‑week range $0.45–$2.98) with a market cap of $1.07 billion and a negative P/E, and the company owns the 100% interest in the Pebble copper‑gold‑molybdenum project in Alaska.

Russell Investments Group Ltd. lowered its stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,389,941 shares of the mining company's stock after selling 630,489 shares during the period. Russell Investments Group Ltd. owned approximately 1.00% of Northern Dynasty Minerals worth $7,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 232.7% during the 2nd quarter. XTX Topco Ltd now owns 636,134 shares of the mining company's stock valued at $852,000 after acquiring an additional 444,950 shares during the period. American Century Companies Inc. bought a new stake in Northern Dynasty Minerals in the second quarter valued at approximately $68,000. Spark Investment Management LLC bought a new stake in Northern Dynasty Minerals in the second quarter valued at approximately $185,000. Kingsview Wealth Management LLC boosted its stake in shares of Northern Dynasty Minerals by 85.6% during the second quarter. Kingsview Wealth Management LLC now owns 32,525 shares of the mining company's stock valued at $44,000 after purchasing an additional 15,000 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Northern Dynasty Minerals by 65.0% during the second quarter. Cetera Investment Advisers now owns 46,505 shares of the mining company's stock valued at $62,000 after purchasing an additional 18,315 shares during the period. Institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Stock Up 5.5%

Shares of NYSEAMERICAN NAK opened at $1.93 on Thursday. Northern Dynasty Minerals, Ltd. has a 52 week low of $0.45 and a 52 week high of $2.98. The firm's fifty day moving average is $1.80 and its 200 day moving average is $1.36. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -16.08 and a beta of -0.11.

Northern Dynasty Minerals 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.

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