NI (NASDAQ:NODK) Upgraded by Wall Street Zen to “Hold” Rating

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

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

NI Trading Down 0.9%

Shares of NASDAQ NODK opened at $13.80 on Friday. The firm’s 50-day moving average price is $13.04 and its 200-day moving average price is $13.31. NI has a 1-year low of $12.08 and a 1-year high of $14.70. The firm has a market capitalization of $282.62 million, a P/E ratio of -69.00 and a beta of 0.35.

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

Hedge Funds Weigh In On NI

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings 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 valued at $55,000 after purchasing an additional 2,505 shares during the period. Wells Fargo & Company MN raised its holdings in shares of NI by 46.2% in the 4th 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 during the last quarter. AQR Capital Management LLC acquired a new stake in shares of NI in the 1st quarter worth about $143,000. AE Wealth Management LLC acquired a new stake in shares of NI in the 3rd quarter worth about $151,000. Finally, Barclays PLC raised its holdings in shares of NI by 11.9% in the 4th quarter. Barclays PLC now owns 12,749 shares of the company’s stock worth $170,000 after acquiring an additional 1,359 shares during the last quarter. Institutional investors and hedge funds 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