NI Holdings Inc (NASDAQ:NODK) shares traded down 0.6% during trading on Friday . The stock traded as low as $16.93 and last traded at $16.93, 7 shares were traded during mid-day trading. A decline of 100% from the average session volume of 4,179 shares. The stock had previously closed at $17.04.

Several equities analysts have recently weighed in on the company. BidaskClub lowered NI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. TheStreet raised NI from a “c” rating to a “b-” rating in a research note on Monday, May 20th.

The firm has a market capitalization of $373.41 million, a price-to-earnings ratio of 10.63 and a beta of 0.06. The firm has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $16.73.

NI (NASDAQ:NODK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $68.65 million for the quarter. NI had a return on equity of 12.45% and a net margin of 16.37%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NODK. TCW Group Inc. lifted its stake in shares of NI by 12.6% in the 1st quarter. TCW Group Inc. now owns 493,739 shares of the company’s stock valued at $7,900,000 after purchasing an additional 55,118 shares in the last quarter. M3F Inc. lifted its stake in shares of NI by 9.6% in the 1st quarter. M3F Inc. now owns 206,338 shares of the company’s stock valued at $3,301,000 after purchasing an additional 17,993 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of NI by 31.3% in the 2nd quarter. Renaissance Technologies LLC now owns 70,237 shares of the company’s stock valued at $1,237,000 after purchasing an additional 16,736 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of NI in the 2nd quarter valued at about $245,000. Finally, BlackRock Inc. lifted its stake in shares of NI by 1.5% in the 2nd quarter. BlackRock Inc. now owns 531,398 shares of the company’s stock valued at $9,358,000 after purchasing an additional 7,678 shares in the last quarter. 21.25% of the stock is currently owned by institutional investors and hedge funds.

About NI (NASDAQ:NODK)

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.

See Also: Are FAANG stocks a good investment?

Receive News & Ratings for NI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NI and related companies with MarketBeat.com's FREE daily email newsletter.