NI (NASDAQ:NODK) Stock Price Up 1.1% – Here’s Why

NI Holdings, Inc. (NASDAQ:NODK) traded up 1.1% during mid-day trading on Monday . The company traded as high as $15.11 and last traded at $15.04. 6,639 shares traded hands during trading, a decline of 68% from the average session volume of 21,031 shares. The stock had previously closed at $14.87.

Wall Street Analyst Weigh In

Several research firms have weighed in on NODK. Weiss Ratings reiterated a “sell (d-)” rating on shares of NI in a report on Thursday. Wall Street Zen upgraded shares of NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NI presently has a consensus rating of “Sell”.

NI Price Performance

The company has a market cap of $308.02 million, a price-to-earnings ratio of -75.20 and a beta of 0.37. The stock has a 50-day moving average price of $13.40 and a 200 day moving average price of $13.40.

NI (NASDAQ:NODK) last posted its earnings results on Friday, May 8th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $59.60 million during the quarter. NI had a negative return on equity of 1.79% and a negative net margin of 1.60%.

Institutional Investors Weigh In On NI

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in shares of NI by 6.0% during the first quarter. Empowered Funds LLC now owns 30,974 shares of the company’s stock worth $399,000 after acquiring an additional 1,740 shares during the period. Renaissance Technologies LLC boosted its stake in NI by 1.2% in the 1st 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 during the period. Dimensional Fund Advisors LP increased its holdings in NI by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 341,116 shares of the company’s stock worth $4,397,000 after purchasing an additional 15,820 shares in the last quarter. M3F Inc. increased its holdings in NI by 7.9% during the 1st quarter. M3F Inc. now owns 1,652,020 shares of the company’s stock worth $21,295,000 after purchasing an additional 120,938 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of NI by 3.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 79,234 shares of the company’s stock valued at $1,054,000 after purchasing an additional 2,568 shares during the period. Institutional investors own 21.89% of the company’s stock.

About NI

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