NI (NASDAQ:NODK) Issues Quarterly Earnings Results

NI (NASDAQ:NODK) released its earnings results on Friday. The company reported ($0.15) earnings per share for the quarter, FiscalAI reports. NI had a net margin of 0.87% and a return on equity of 1.05%. The firm had revenue of $60.99 million for the quarter.

NI Stock Performance

NASDAQ NODK traded down $0.06 during trading on Friday, hitting $13.25. The stock had a trading volume of 21,627 shares, compared to its average volume of 11,335. NI has a one year low of $12.01 and a one year high of $14.90. The stock has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $13.41. The stock has a market capitalization of $273.08 million, a price-to-earnings ratio of 101.92 and a beta of 0.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in NI by 3.8% during the first quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock worth $312,000 after buying an additional 796 shares during the period. AQR Capital Management LLC raised its position in shares of NI by 7.2% in the 4th quarter. AQR Capital Management LLC now owns 16,708 shares of the company’s stock worth $222,000 after acquiring an additional 1,128 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of NI by 150.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares during the last quarter. Barclays PLC lifted its stake in shares of NI by 11.9% during the 4th quarter. Barclays PLC now owns 12,749 shares of the company’s stock worth $170,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in NI by 2.6% during the second quarter. Bridgeway Capital Management LLC now owns 73,753 shares of the company’s stock valued at $940,000 after purchasing an additional 1,903 shares in the last quarter. 21.89% of the stock is currently owned by 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