NI Holdings, Inc. $NODK is M3F Inc.’s 6th Largest Position

M3F Inc. grew its stake in NI Holdings, Inc. (NASDAQ:NODK) by 7.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,652,020 shares of the company’s stock after acquiring an additional 120,938 shares during the quarter. NI accounts for 5.3% of M3F Inc.’s portfolio, making the stock its 6th biggest holding. M3F Inc. owned about 8.05% of NI worth $21,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of NODK. Bridgeway Capital Management LLC boosted its stake in NI by 3.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 79,234 shares of the company’s stock worth $1,054,000 after purchasing an additional 2,568 shares in the last quarter. Empowered Funds LLC grew its position in NI by 9.6% during the 4th quarter. Empowered Funds LLC now owns 29,234 shares of the company’s stock valued at $389,000 after purchasing an additional 2,568 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in NI by 112.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 32,983 shares of the company’s stock valued at $439,000 after purchasing an additional 17,473 shares in the last quarter. Geode Capital Management LLC increased its stake in NI by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 173,765 shares of the company’s stock valued at $2,311,000 after purchasing an additional 2,292 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in NI by 7.2% in the fourth quarter. AQR Capital Management LLC now owns 16,708 shares of the company’s stock worth $222,000 after buying an additional 1,128 shares during the last quarter. 21.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NI in a research note on Thursday, June 4th. Wall Street Zen raised shares of NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, NI has a consensus rating of “Sell”.

NI Price Performance

Shares of NASDAQ:NODK opened at $16.09 on Monday. The company has a market cap of $329.52 million, a P/E ratio of -80.45 and a beta of 0.35. NI Holdings, Inc. has a 1 year low of $12.22 and a 1 year high of $16.49. The stock’s fifty day moving average price is $14.50 and its 200-day moving average price is $13.70.

NI (NASDAQ:NODK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.60 EPS for the quarter. NI had a negative return on equity of 1.79% and a negative net margin of 1.60%.The company had revenue of $59.60 million for 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. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc