NI (NASDAQ:NODK) Raised to “Hold” at Wall Street Zen

NI (NASDAQ:NODK) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings downgraded shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, NI presently has an average rating of “Sell”.

NI Stock Performance

Shares of NI stock opened at $13.80 on Friday. NI has a 1 year low of $12.08 and a 1 year high of $14.70. The company has a market capitalization of $282.62 million, a P/E ratio of -69.00 and a beta of 0.35. The company’s fifty day moving average is $13.04 and its two-hundred day moving average is $13.31.

NI (NASDAQ:NODK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.60 earnings per share (EPS) for the quarter. NI had a negative net margin of 1.60% and a negative return on equity of 1.79%. The company had revenue of $59.60 million for the quarter.

Institutional Trading of NI

Several hedge funds and other institutional investors have recently made changes to their positions in NODK. AQR Capital Management LLC purchased a new stake in shares of NI in the first quarter valued at about $143,000. Empowered Funds LLC boosted its holdings in shares of NI by 3.8% in the first quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock valued at $312,000 after acquiring an additional 796 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of NI by 2.6% in the second quarter. Bridgeway Capital Management LLC now owns 73,753 shares of the company’s stock valued at $940,000 after acquiring an additional 1,903 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of NI in the third quarter valued at about $151,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NI by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 309,116 shares of the company’s stock valued at $4,192,000 after acquiring an additional 4,006 shares in the last quarter. Hedge funds and other institutional investors 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. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc