M3F Inc. boosted its stake in shares of NI Holdings Inc (NASDAQ:NODK) by 9.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 206,338 shares of the company’s stock after buying an additional 17,993 shares during the period. NI makes up approximately 2.9% of M3F Inc.’s holdings, making the stock its 14th biggest holding. M3F Inc.’s holdings in NI were worth $3,301,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers acquired a new stake in NI in the 4th quarter valued at approximately $217,000. Creative Planning acquired a new position in NI during the 4th quarter worth $433,000. BlackRock Inc. boosted its position in NI by 2.6% during the 4th quarter. BlackRock Inc. now owns 519,189 shares of the company’s stock worth $8,167,000 after acquiring an additional 13,132 shares during the period. Martingale Asset Management L P grew its stake in shares of NI by 14.7% in the fourth quarter. Martingale Asset Management L P now owns 11,702 shares of the company’s stock worth $185,000 after purchasing an additional 1,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of NI in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 20.66% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of NI from a “c” rating to a “b-” rating in a research note on Monday, May 20th. BidaskClub raised shares of NI from a “sell” rating to a “hold” rating in a report on Thursday, May 9th.

NODK traded down $0.14 on Wednesday, reaching $18.00. The company had a trading volume of 100 shares, compared to its average volume of 14,423. The firm has a market capitalization of $402.89 million, a PE ratio of 11.43 and a beta of 0.01. NI Holdings Inc has a one year low of $14.37 and a one year high of $18.35.

NI (NASDAQ:NODK) last announced its earnings results on Wednesday, May 8th. The company reported $0.62 earnings per share (EPS) 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%.

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NI Company Profile

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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Institutional Ownership by Quarter for NI (NASDAQ:NODK)

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