First Northwest Bancorp (NASDAQ:FNWB) Shares Sold by Acadian Asset Management LLC

First Northwest Bancorp (FNWB) is a publicly traded financial services company headquartered in Seattle, Washington. The company operates through its banking subsidiary, First National Bank of Washington, which provides commercial and consumer banking services to customers in the Pacific Northwest region of the United States.

Acadian Asset Management LLC (AAM) is a private investment management firm based in Louisiana that manages assets for institutional clients, including pension funds, endowments, and foundations. AAM has been an investor in FNWB since 2014 and currently holds approximately 5.7% of the company's outstanding common stock.

On March 31, 2023, AAM announced that it had sold a portion of its holdings in FNWB for an undisclosed amount. The sale was made in accordance with AAM's investment strategies and did not reflect any change in the firm's view of FNWB or its business prospects.

It is important to note that the sale of shares by Acadian Asset Management LLC does not necessarily indicate anything about the company's financial health or future performance. It is simply a matter of investment decisions made by the firm based on its own analysis and strategies.