M3F Inc. Raises Position in NI Holdings, Inc. $NODK

M3F Inc. increased 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 fund owned 1,652,020 shares of the company’s stock after purchasing an additional 120,938 shares during the quarter. NI accounts for 5.3% of M3F Inc.’s portfolio, making the stock its 6th largest position. M3F Inc. owned about 0.08% of NI worth $21,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake 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 buying an additional 2,568 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of NI by 3.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 79,234 shares of the company’s stock valued at $1,054,000 after buying an additional 2,568 shares during the period. AQR Capital Management LLC boosted its stake 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 buying an additional 1,128 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of NI by 79.1% in the 4th quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock worth $97,000 after buying an additional 3,229 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of NI by 11.9% in the fourth quarter. Barclays PLC now owns 12,749 shares of the company’s stock worth $170,000 after acquiring an additional 1,359 shares during the period. Institutional investors own 21.89% of the company’s stock.

NI Stock Performance

Shares of NASDAQ NODK opened at $16.09 on Monday. The firm has a 50 day moving average of $14.50 and a 200 day moving average of $13.70. The firm has a market capitalization of $329.52 million, a price-to-earnings ratio of -80.45 and a beta of 0.35. NI Holdings, Inc. has a 12-month low of $12.22 and a 12-month high of $16.49.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen upgraded NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of NI in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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