Arbiter Partners Capital Management LLC raised its holdings in NI Holdings, Inc. (NASDAQ:NODK - Free Report) by 152.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,392 shares of the company's stock after acquiring an additional 31,000 shares during the quarter. NI accounts for about 0.5% of Arbiter Partners Capital Management LLC's portfolio, making the stock its 15th biggest holding. Arbiter Partners Capital Management LLC owned 0.25% of NI worth $807,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in NODK. Wells Fargo & Company MN grew its holdings in shares of NI by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,579 shares of the company's stock worth $72,000 after acquiring an additional 997 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of NI by 108.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company's stock valued at $241,000 after purchasing an additional 8,025 shares during the period. Empowered Funds LLC acquired a new position in shares of NI in the 4th quarter valued at $331,000. Barclays PLC increased its stake in NI by 44.0% in the 3rd quarter. Barclays PLC now owns 24,687 shares of the company's stock worth $387,000 after purchasing an additional 7,549 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in NI by 5.9% during the 4th quarter. Renaissance Technologies LLC now owns 87,891 shares of the company's stock worth $1,380,000 after buying an additional 4,900 shares during the period. Institutional investors own 21.89% of the company's stock.
NI Trading Down 1.8 %
NODK stock traded down $0.24 during mid-day trading on Friday, reaching $13.09. 16,298 shares of the stock traded hands, compared to its average volume of 18,965. The stock's fifty day moving average is $14.18 and its 200-day moving average is $15.11. The company has a market cap of $270.73 million, a P/E ratio of -46.75 and a beta of 0.33. NI Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.24.
NI (NASDAQ:NODK - Get Free Report) last issued its quarterly earnings results on Friday, March 7th. The company reported $0.47 EPS for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%. The business had revenue of $73.91 million during the quarter.
About NI
(
Free Report)
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.
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