NI (NASDAQ:NODK) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of NI (NASDAQ:NODK) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of NI from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold”.

NI Price Performance

Shares of NASDAQ:NODK traded up $0.01 on Friday, hitting $14.98. 2,823 shares of the company’s stock were exchanged, compared to its average volume of 16,223. The stock has a market capitalization of $304.24 million, a price-to-earnings ratio of 20.52 and a beta of 0.25. NI has a 12 month low of $12.37 and a 12 month high of $16.70. The business’s 50 day simple moving average is $14.99 and its two-hundred day simple moving average is $14.44.

NI (NASDAQ:NODK) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $68.58 million for the quarter. NI had a net margin of 5.79% and a return on equity of 6.11%.

Institutional Investors Weigh In On NI

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of NI in the 2nd quarter worth $270,000. Empowered Funds LLC grew its position in shares of NI by 6.0% during the 1st quarter. Empowered Funds LLC now owns 30,974 shares of the company’s stock worth $399,000 after buying an additional 1,740 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of NI by 280.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,564 shares of the company’s stock worth $769,000 after buying an additional 38,006 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of NI by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 89,191 shares of the company’s stock worth $1,150,000 after buying an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NI by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 341,116 shares of the company’s stock worth $4,397,000 after buying an additional 15,820 shares in the last quarter. 21.89% of the stock is owned by institutional investors.

NI Company Profile

NI Holdings, Inc. is an insurance holding company whose subsidiaries provide property and casualty insurance. Its offerings include personal, farm and commercial coverage, as well as crop insurance, distributed primarily through independent insurance agents. The company’s operations are centered in North Dakota, where its Nodak Insurance business has a long-standing presence, and extend to other states through its insurance subsidiaries. NI Holdings was formed in 2016 as a holding company for these businesses.