NI (NASDAQ:NODK) Posts Quarterly Earnings Results

Key Points

• NI Holdings, Inc. reported a quarterly loss of ($0.57) EPS, with a negative net margin of 0.82% and a positive return on equity of 2.51%.
• The company's stock, trading at $12.83, saw a decline of 1.0% following the earnings announcement, with a 12-month trading range between $12.01 and $17.24.
• AQR Capital Management acquired a new stake in NI stock, buying 10,035 shares valued at approximately $143,000, as institutional investors now hold 21.89% of the company's stock.

NI (NASDAQ:NODK - Get Free Report) posted its earnings results on Friday. The company reported ($0.57) earnings per share (EPS) for the quarter, Zacks reports. NI had a negative net margin of 0.82% and a positive return on equity of 2.51%.

NI Stock Down 1.0%

Shares of NODK stock traded down $0.13 on Friday, hitting $12.83. The company had a trading volume of 4,075 shares, compared to its average volume of 15,550. NI has a twelve month low of $12.01 and a twelve month high of $17.24. The firm has a market cap of $265.58 million, a P/E ratio of -106.91 and a beta of 0.33. The company has a 50-day moving average price of $12.90 and a 200-day moving average price of $13.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NI stock. AQR Capital Management LLC acquired a new position in shares of NI Holdings, Inc. (NASDAQ:NODK - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,035 shares of the company's stock, valued at approximately $143,000. Hedge funds and other 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.

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