NI (NASDAQ:NODK) Issues Earnings Results

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

NI Trading Down 0.5%

Shares of NASDAQ NODK opened at $13.25 on Friday. NI has a twelve month low of $12.01 and a twelve month high of $14.90. The company has a market capitalization of $273.08 million, a price-to-earnings ratio of 101.92 and a beta of 0.39. The business has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $13.42.

Hedge Funds Weigh In On NI

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

Wall Street Analysts Forecast Growth

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

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