NI (NASDAQ:NODK) Announces Quarterly Earnings Results

NI (NASDAQ:NODK) released its quarterly earnings data on Friday. The company reported $0.60 earnings per share for the quarter, FiscalAI reports. NI had a negative net margin of 3.65% and a negative return on equity of 4.24%. The business had revenue of $59.60 million for the quarter.

NI Trading Down 0.9%

Shares of NODK stock traded down $0.11 during trading hours on Friday, hitting $12.81. 23,650 shares of the company were exchanged, compared to its average volume of 9,719. The business has a 50 day moving average of $13.02 and a two-hundred day moving average of $13.31. NI has a 52 week low of $12.01 and a 52 week high of $14.70. The company has a market capitalization of $262.86 million, a PE ratio of -26.14 and a beta of 0.35.

Institutional Investors Weigh In On NI

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of NI by 158.7% during the third quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock worth $55,000 after acquiring an additional 2,505 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of NI by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,677 shares of the company’s stock worth $102,000 after acquiring an additional 2,426 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of NI during the first quarter worth $143,000. AE Wealth Management LLC bought a new stake in shares of NI during the third quarter worth $151,000. Finally, Barclays PLC increased its position in shares of NI by 11.9% during the fourth quarter. Barclays PLC now owns 12,749 shares of the company’s stock worth $170,000 after acquiring an additional 1,359 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NODK. Weiss Ratings lowered shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wall Street Zen raised shares of NI to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, NI presently has an average rating of “Sell”.

NI Company Profile

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