Shares of NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) dropped 0.9% during mid-day trading on Thursday . The stock traded as low as $15.44 and last traded at $15.56. Approximately 8,877 shares changed hands during trading, a decline of 53% from the average daily volume of 18,963 shares. The stock had previously closed at $15.70.
NI Trading Down 0.9 %
The stock has a 50-day moving average price of $16.00 and a 200 day moving average price of $15.51. The stock has a market capitalization of $321.30 million, a price-to-earnings ratio of -55.57 and a beta of 0.37.
Hedge Funds Weigh In On NI
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of NI by 108.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company's stock worth $241,000 after purchasing an additional 8,025 shares during the last quarter. Creative Planning increased its stake in NI by 14.8% during the 3rd quarter. Creative Planning now owns 15,533 shares of the company's stock worth $244,000 after buying an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NI by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company's stock valued at $364,000 after acquiring an additional 1,246 shares during the last quarter. Barclays PLC lifted its position in shares of NI by 44.0% in the third quarter. Barclays PLC now owns 24,687 shares of the company's stock valued at $387,000 after acquiring an additional 7,549 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of NI by 2.2% in the second quarter. Renaissance Technologies LLC now owns 59,991 shares of the company's stock worth $918,000 after acquiring an additional 1,300 shares during the last quarter. 21.89% of the stock is owned by hedge funds and other institutional investors.
NI Company Profile
(
Get 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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