NI (NASDAQ:NODK) Trading Down 0.9% – Here’s What Happened

Shares of NI Holdings, Inc. (NASDAQ:NODK) fell 0.9% on Thursday . The stock traded as low as $15.44 and last traded at $15.56. 8,877 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 18,963 shares. The stock had previously closed at $15.70.

NI Trading Up 0.4 %

The stock has a market cap of $322.54 million, a P/E ratio of -55.79 and a beta of 0.37. The stock’s 50-day moving average is $16.00 and its 200-day moving average is $15.51.

Hedge Funds Weigh In On NI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of NI by 108.9% in the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock valued at $241,000 after purchasing an additional 8,025 shares in the last quarter. Barclays PLC raised its holdings in shares of NI by 44.0% during the third quarter. Barclays PLC now owns 24,687 shares of the company’s stock worth $387,000 after acquiring an additional 7,549 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NI by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 169,290 shares of the company’s stock valued at $2,655,000 after buying an additional 3,092 shares in the last quarter. Creative Planning grew its position in NI by 14.8% in the third quarter. Creative Planning now owns 15,533 shares of the company’s stock worth $244,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of NI by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 59,991 shares of the company’s stock valued at $918,000 after purchasing an additional 1,300 shares in 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.