Bridgeway Capital Management LLC Invests $1.12 Million in NI Holdings, Inc. (NASDAQ:NODK)

Bridgeway Capital Management LLC acquired a new stake in NI Holdings, Inc. (NASDAQ:NODK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,054 shares of the company's stock, valued at approximately $1,116,000. Bridgeway Capital Management LLC owned 0.34% of NI as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of NI by 26.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company's stock worth $61,000 after buying an additional 815 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of NI by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,579 shares of the company's stock worth $72,000 after buying an additional 997 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NI by 108.9% in the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company's stock worth $241,000 after buying an additional 8,025 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of NI by 61.4% in the fourth quarter. Citadel Advisors LLC now owns 18,328 shares of the company's stock worth $288,000 after buying an additional 6,972 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of NI by 17.0% in the fourth quarter. Bank of America Corp DE now owns 19,320 shares of the company's stock worth $303,000 after buying an additional 2,811 shares during the last quarter. 21.89% of the stock is owned by institutional investors and hedge funds.

NI Price Performance

NODK stock traded down $0.04 during mid-day trading on Friday, reaching $12.77. 3,464 shares of the company's stock were exchanged, compared to its average volume of 19,720. The company has a market cap of $264.33 million, a price-to-earnings ratio of -45.61 and a beta of 0.38. The stock's 50 day moving average is $13.36 and its 200 day moving average is $14.67. NI Holdings, Inc. has a 12-month low of $12.01 and a 12-month high of $17.24.

NI (NASDAQ:NODK - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.31 EPS for the quarter. NI had a positive return on equity of 1.16% and a negative net margin of 1.63%. The business had revenue of $71.43 million during the quarter.

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.