NI (NASDAQ:NODK) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

NI Holdings, Inc. (NASDAQ:NODK) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.67 and traded as low as $15.01. NI shares last traded at $15.28, with a volume of 11,100 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of NI in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

NI Stock Up 0.1%

The company has a market cap of $312.07 million, a P/E ratio of 40.24 and a beta of 0.35. The firm’s 50 day moving average is $15.66 and its two-hundred day moving average is $14.21.

NI (NASDAQ:NODK) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $70.23 million during the quarter. NI had a net margin of 2.93% and a return on equity of 3.18%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NODK. AQR Capital Management LLC bought a new stake in NI during the first quarter worth about $143,000. Empowered Funds LLC increased its position in shares of NI by 3.8% during the first quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock valued at $312,000 after buying an additional 796 shares during the period. Bridgeway Capital Management LLC lifted its holdings in NI by 2.6% in the second quarter. Bridgeway Capital Management LLC now owns 73,753 shares of the company’s stock worth $940,000 after buying an additional 1,903 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NI by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 309,116 shares of the company’s stock valued at $4,192,000 after purchasing an additional 4,006 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of NI by 158.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock valued at $55,000 after buying an additional 2,505 shares in the last quarter. 21.89% of the stock is owned by institutional investors.

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