NI (NASDAQ:NODK) Shares Down 0.4% – Here’s Why

NI Holdings, Inc. (NASDAQ:NODK) fell 0.4% during mid-day trading on Friday . The stock traded as low as $13.21 and last traded at $13.30. 7,989 shares were traded during mid-day trading, a decline of 39% from the average session volume of 13,073 shares. The stock had previously closed at $13.36.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

NI Trading Down 0.4%

The firm has a market capitalization of $274.11 million, a PE ratio of 102.31 and a beta of 0.38. The business has a 50-day moving average of $13.53 and a 200 day moving average of $13.30.

NI (NASDAQ:NODK) last announced its earnings results on Friday, November 7th. The company reported ($0.08) EPS for the quarter. NI had a net margin of 0.87% and a return on equity of 1.05%. The firm had revenue of $76.57 million during the quarter.

Institutional Investors Weigh In On NI

Several large investors have recently made changes to their positions in NODK. M3F Inc. grew its position in NI by 3.8% during the second quarter. M3F Inc. now owns 1,463,721 shares of the company’s stock valued at $18,648,000 after buying an additional 53,877 shares during the period. AE Wealth Management LLC bought a new position in NI during the third quarter valued at $151,000. AQR Capital Management LLC purchased a new stake in NI in the first quarter worth $143,000. Orchard Capital Management LLC increased its position in NI by 3.6% in the third quarter. Orchard Capital Management LLC now owns 118,817 shares of the company’s stock worth $1,611,000 after buying an additional 4,085 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NI by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 309,116 shares of the company’s stock valued at $4,192,000 after buying an additional 4,006 shares during the period. 21.89% of the stock is owned by hedge funds and other institutional investors.

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