NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) shares fell 1.6% during mid-day trading on Monday . The company traded as low as $12.23 and last traded at $12.24. 4,893 shares traded hands during trading, a decline of 54% from the average session volume of 10,559 shares. The stock had previously closed at $12.44.
NI Price Performance
The company has a market cap of $265.20 million, a price-to-earnings ratio of 160.38 and a beta of 0.33. The business's 50-day simple moving average is $12.86 and its 200-day simple moving average is $13.30.
NI (NASDAQ:NODK - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.57) EPS for the quarter. The firm had revenue of $76.06 million for the quarter. NI had a return on equity of 0.63% and a net margin of 0.50%.
Institutional Investors Weigh In On NI
A number of hedge funds and other institutional investors have recently modified their holdings of NODK. M3F Inc. grew its holdings in shares of NI by 5.5% during the first quarter. M3F Inc. now owns 1,409,844 shares of the company's stock worth $20,104,000 after buying an additional 73,514 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of NI during the fourth quarter worth about $1,116,000. Boothbay Fund Management LLC purchased a new stake in shares of NI during the fourth quarter worth about $487,000. Newtyn Management LLC grew its holdings in NI by 4.5% in the first quarter. Newtyn Management LLC now owns 659,988 shares of the company's stock valued at $9,411,000 after purchasing an additional 28,161 shares during the period. Finally, Nuveen LLC purchased a new stake in NI in the first quarter valued at approximately $368,000. 21.89% of the stock is currently owned by hedge funds and other institutional investors.
About NI
(
Get Free Report)
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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