M3F Inc. raised its stake in NI Holdings, Inc. (NASDAQ:NODK - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,336,330 shares of the company's stock after buying an additional 239,316 shares during the period. NI makes up about 6.1% of M3F Inc.'s investment portfolio, making the stock its 5th largest holding. M3F Inc. owned approximately 6.47% of NI worth $20,980,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of NI by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 270,564 shares of the company's stock valued at $4,248,000 after acquiring an additional 11,240 shares in the last quarter. Barclays PLC lifted its holdings in shares of NI by 13.5% in the fourth quarter. Barclays PLC now owns 28,013 shares of the company's stock valued at $440,000 after purchasing an additional 3,326 shares in the last quarter. Arbiter Partners Capital Management LLC boosted its position in shares of NI by 152.0% in the fourth quarter. Arbiter Partners Capital Management LLC now owns 51,392 shares of the company's stock worth $807,000 after buying an additional 31,000 shares during the period. Renaissance Technologies LLC boosted its position in shares of NI by 5.9% in the fourth 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. Finally, Wells Fargo & Company MN grew its holdings in shares of NI by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,579 shares of the company's stock valued at $72,000 after buying an additional 997 shares in the last quarter. 21.89% of the stock is owned by institutional investors.
NI Price Performance
NI stock traded down $0.22 during mid-day trading on Friday, hitting $12.74. The company's stock had a trading volume of 12,001 shares, compared to its average volume of 19,240. NI Holdings, Inc. has a 52-week low of $12.63 and a 52-week high of $17.24. The company has a market cap of $263.71 million, a PE ratio of -45.50 and a beta of 0.33. The firm's 50 day moving average is $13.90 and its 200 day moving average is $14.97.
NI (NASDAQ:NODK - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported $0.47 earnings per share (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.
NI Profile
(
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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