Rhumbline Advisers Acquires Shares of 10,538 NI Holdings, Inc. (NODK)
Rhumbline Advisers acquired a new position in shares of NI Holdings, Inc. (NASDAQ:NODK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,538 shares of the company’s stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Schwab Charles Investment Management Inc. acquired a new stake in NI Holdings during the 2nd quarter worth about $648,000. Minerva Advisors LLC boosted its position in NI Holdings by 40.8% during the 2nd quarter. Minerva Advisors LLC now owns 154,900 shares of the company’s stock worth $2,766,000 after acquiring an additional 44,900 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in NI Holdings during the 2nd quarter worth about $253,000. Hedge funds and other institutional investors own 30.95% of the company’s stock.
Shares of NI Holdings, Inc. (NASDAQ NODK) opened at 18.28 on Tuesday. The firm’s 50-day moving average price is $17.32 and its 200-day moving average price is $17.04. The firm has a market capitalization of $407.88 million and a price-to-earnings ratio of 83.09. NI Holdings, Inc. has a 12 month low of $14.00 and a 12 month high of $18.80.
NI Holdings (NASDAQ:NODK) last announced its quarterly earnings results on Friday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $47.76 million during the quarter.
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NI Holdings Profile
NI Holdings, Inc is the stock holding company of Nodak Mutual Insurance Company (Nodak Mutual). Nodak Mutual is a mutual insurance company based in North Dakota. It offers property and casualty insurance, crop hail, and multi-peril crop insurance to members of the North Dakota Farm Bureau through captive agents in North Dakota.
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