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NI (NASDAQ:NODK – Get Free Report) issued its earnings results on Friday. The company reported $0.32 earnings per share (EPS) for the quarter, reports. NI had a negative return on equity of 4.59% and a negative net margin of 3.07%. The company had revenue of $94.41 million during the quarter.
NI Trading Up 8.0 %
NI stock opened at $16.14 on Monday. The company has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.06. The stock has a market cap of $332.10 million, a P/E ratio of -30.45 and a beta of 0.32. NI has a 12-month low of $12.01 and a 12-month high of $16.55.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Newtyn Management LLC raised its holdings in NI by 2.2% in the 3rd quarter. Newtyn Management LLC now owns 470,000 shares of the company’s stock valued at $6,049,000 after buying an additional 10,000 shares during the period. Rhumbline Advisers boosted its position in shares of NI by 9.8% during the 2nd quarter. Rhumbline Advisers now owns 12,495 shares of the company’s stock worth $205,000 after purchasing an additional 1,112 shares during the period. Bank of America Corp DE raised its position in NI by 27.4% in the fourth quarter. Bank of America Corp DE now owns 14,755 shares of the company’s stock valued at $196,000 after purchasing an additional 3,172 shares during the period. Barclays PLC lifted its stake in NI by 16.7% during the fourth quarter. Barclays PLC now owns 13,392 shares of the company’s stock worth $179,000 after purchasing an additional 1,913 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of NI by 27.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,790 shares of the company’s stock worth $77,000 after buying an additional 1,231 shares during the period. 24.55% of the stock is currently owned by institutional investors and hedge funds.
NI Company Profile
(Get Free Report)
NI Holdings, Inc underwrites property and casualty insurance products in the United States. The company’s 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.
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