NI (NASDAQ:NODK) Shares Down 0.5%

Shares of NI Holdings, Inc. (NASDAQ:NODK) traded down 0.5% during mid-day trading on Friday . The company traded as low as $14.75 and last traded at $14.76. 7,652 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 16,092 shares. The stock had previously closed at $14.83.

NI Stock Down 0.5 %

The business has a 50 day moving average price of $14.39 and a 200-day moving average price of $13.39.

NI (NASDAQ:NODK) last posted its earnings results on Friday, March 15th. The company reported $0.32 earnings per share (EPS) for the quarter. NI had a negative return on equity of 2.25% and a negative net margin of 1.50%. The business had revenue of $94.41 million during the quarter.

Institutional Investors Weigh In On NI

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in NI by 180.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,194 shares of the company’s stock valued at $36,000 after purchasing an additional 1,412 shares in the last quarter. UBS Group AG acquired a new stake in NI during the 4th quarter valued at approximately $31,000. BNP Paribas Arbitrage SNC grew its stake in NI by 83.0% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 3,001 shares of the company’s stock valued at $45,000 after purchasing an additional 1,361 shares in the last quarter. Citigroup Inc. grew its stake in NI by 2,205.8% during the 2nd quarter. Citigroup Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in NI by 101.7% during the 2nd quarter. Wells Fargo & Company MN now owns 3,254 shares of the company’s stock valued at $48,000 after purchasing an additional 1,641 shares in the last quarter. Institutional investors and hedge funds own 21.89% of the company’s stock.

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.