NI Holdings, Inc. (NASDAQ:NODK – Get Free Report) shares shot up 1.1% on Monday . The stock traded as high as $15.11 and last traded at $15.04. 6,639 shares changed hands during trading, a decline of 68% from the average session volume of 21,031 shares. The stock had previously closed at $14.87.
Analyst Ratings Changes
Several research firms have recently weighed in on NODK. Weiss Ratings reiterated a “sell (d-)” rating on shares of NI in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NI presently has a consensus rating of “Sell”.
Get Our Latest Analysis on NODK
NI Stock Up 1.9%
NI (NASDAQ:NODK – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.60 EPS for the quarter. The business had revenue of $59.60 million for the quarter. NI had a negative net margin of 1.60% and a negative return on equity of 1.79%.
Institutional Trading of NI
Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in shares of NI by 3.8% in the first quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock worth $312,000 after purchasing an additional 796 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of NI by 1.2% in the first quarter. Renaissance Technologies LLC now owns 89,191 shares of the company’s stock worth $1,150,000 after purchasing an additional 1,100 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of NI by 7.2% in the fourth quarter. AQR Capital Management LLC now owns 16,708 shares of the company’s stock worth $222,000 after purchasing an additional 1,128 shares in the last quarter. Barclays PLC increased its stake in shares of NI by 11.9% in the fourth quarter. Barclays PLC now owns 12,749 shares of the company’s stock worth $170,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in NI by 2.6% during the second quarter. Bridgeway Capital Management LLC now owns 73,753 shares of the company’s stock valued at $940,000 after acquiring an additional 1,903 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.
NI Company Profile
NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc
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