National Research Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:NRC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
01 Mar 24	SellUS$24,269,393	Thomas Richardson	Individual	598,653	US$40.54
05 Jan 24	SellUS$294,710	Michael Hays	Individual	7,214	US$41.22
03 Jan 24	SellUS$13,125,005	Michael Hays	Individual	321,239	US$41.77
03 Jan 24	SellUS$15,142,876	Thomas Richardson	Individual	364,625	US$41.53

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NRC?
Owner Type	Number of Shares	Ownership Percentage
General Public	2,295,138	9.78%
Individual Insiders	8,775,420	37.4%
Institutions	12,405,482	52.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.11% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.6%	Michael Hays	4,832,407	US$83.0m	0%	no data
16.4%	Thomas Richardson	3,854,284	US$66.2m	0%	no data
11.1%	Kayne Anderson Rudnick Investment Management, LLC	2,595,087	US$44.6m	-14.8%	0.09%
4.96%	BlackRock, Inc.	1,164,256	US$20.0m	7.41%	no data
4.2%	The Vanguard Group, Inc.	986,370	US$16.9m	2.2%	no data
3.7%	Eaton Vance Management	869,420	US$14.9m	-2.07%	no data
2.52%	Dimensional Fund Advisors LP	590,797	US$10.1m	-3.86%	no data
1.98%	Virtus Investment Advisers, Inc.	464,829	US$8.0m	29.7%	0.66%
1.79%	Geode Capital Management, LLC	420,733	US$7.2m	3.2%	no data
1.62%	Renaissance Technologies LLC	379,884	US$6.5m	-12.2%	0.01%
1.55%	State Street Global Advisors, Inc.	363,438	US$6.2m	4.05%	no data
1.44%	QV Investors Inc.	338,990	US$5.8m	0.18%	0.27%
1.22%	Northern Trust Global Investments	285,902	US$4.9m	-4.97%	no data
0.99%	Millennium Management LLC	231,598	US$4.0m	7.79%	no data
0.8%	Industrielle Alliance, Gestion de placements inc.	187,520	US$3.2m	-1.87%	0.05%
0.8%	IA Global Asset Management Inc.	187,520	US$3.2m	0%	0.05%
0.71%	Wells Fargo & Company, Securities and Brokerage Investments	167,046	US$2.9m	-4.01%	no data
0.59%	Hotchkis and Wiley Capital Management, LLC	138,150	US$2.4m	0%	0.01%
0.55%	Northwest & Ethical Investments L.P.	129,200	US$2.2m	0%	0.05%
0.53%	Charles Schwab Investment Management, Inc.	123,741	US$2.1m	6.79%	no data
0.49%	BNY Asset Management	115,255	US$2.0m	-6.49%	no data
0.43%	Comerica Bank, Banking Investments	99,788	US$1.7m	0.07%	0.01%
0.41%	Managed Account Advisors LLC	96,863	US$1.7m	-1.88%	no data
0.4%	Jackson National Asset Management, LLC	94,527	US$1.6m	-10.9%	0.03%
0.38%	Envestnet Asset Management, Inc.	88,794	US$1.5m	-5.14%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 15:58
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

National Research Corporation is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Frank Sparacino	First Analysis Securities Corporation
Ryan Daniels	William Blair & Company L.L.C.