NI Holdings Inc (NASDAQ:NODK) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 54,100 shares, a growth of 63.4% from the May 30th total of 33,100 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 11,700 shares, the short-interest ratio is presently 4.6 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. M3F Inc. grew its holdings in NI by 9.6% during the first quarter. M3F Inc. now owns 206,338 shares of the company’s stock worth $3,301,000 after acquiring an additional 17,993 shares during the period. TCW Group Inc. grew its holdings in NI by 12.6% during the first quarter. TCW Group Inc. now owns 493,739 shares of the company’s stock worth $7,900,000 after acquiring an additional 55,118 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in NI by 88.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,377 shares of the company’s stock worth $86,000 after acquiring an additional 2,530 shares during the period. BNP Paribas Arbitrage SA grew its holdings in NI by 520.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock worth $33,000 after acquiring an additional 1,727 shares during the period. Finally, Millennium Management LLC acquired a new position in NI during the fourth quarter worth about $651,000. Institutional investors own 20.66% of the company’s stock.

NODK has been the subject of a number of research reports. BidaskClub upgraded shares of DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th. TheStreet cut shares of Tribune Publishing from a “c-” rating to a “d+” rating in a report on Monday, May 20th.

Shares of NODK stock traded down $0.20 during trading on Thursday, reaching $17.99. The company’s stock had a trading volume of 5,100 shares, compared to its average volume of 10,728. The firm has a market cap of $403.98 million, a P/E ratio of 11.64 and a beta of 0.06. The company has a 50-day simple moving average of $17.71. NI has a 1-year low of $14.37 and a 1-year high of $19.64.

NI (NASDAQ:NODK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $60.57 million during the quarter. NI had a net margin of 16.51% and a return on equity of 12.44%.

About NI

NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies, as well as non-standard automobile insurance products.

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