NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 31,400 shares, an increase of 44.0% from the February 28th total of 21,800 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 2.0 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in NODK. M3F Inc. raised its holdings in shares of NI by 21.8% in the 4th quarter. M3F Inc. now owns 1,336,330 shares of the company's stock worth $20,980,000 after buying an additional 239,316 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in NI during the fourth quarter worth $1,116,000. Boothbay Fund Management LLC bought a new position in shares of NI during the fourth quarter valued at $487,000. Arbiter Partners Capital Management LLC grew its holdings in shares of NI by 152.0% in the 4th quarter. Arbiter Partners Capital Management LLC now owns 51,392 shares of the company's stock worth $807,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of NI during the 4th quarter worth about $331,000. Institutional investors and hedge funds own 21.89% of the company's stock.
NI Stock Performance
Shares of NASDAQ:NODK traded down $0.44 during trading on Thursday, hitting $13.71. 13,449 shares of the stock were exchanged, compared to its average volume of 14,578. The company has a market capitalization of $283.55 million, a price-to-earnings ratio of -48.96 and a beta of 0.33. NI has a 1-year low of $13.47 and a 1-year high of $17.24. The company's fifty day simple moving average is $14.44 and its 200-day simple moving average is $15.22.
NI (NASDAQ:NODK - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported $0.47 earnings per share for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%. The firm had revenue of $73.91 million for the quarter.
NI Company Profile
(
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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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