NI Holdings Inc (NODK) Shares Bought by M3F Inc.

M3F Inc. boosted its holdings in shares of NI Holdings Inc (NASDAQ:NODK) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,345 shares of the company’s stock after purchasing an additional 2,175 shares during the period. NI accounts for approximately 2.7% of M3F Inc.’s holdings, making the stock its 15th largest holding. M3F Inc. owned approximately 0.84% of NI worth $2,963,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NODK. Bessemer Group Inc. acquired a new stake in shares of NI in the 3rd quarter valued at about $100,000. Martingale Asset Management L P acquired a new stake in shares of NI in the 3rd quarter valued at about $173,000. Dimensional Fund Advisors LP acquired a new stake in shares of NI in the 2nd quarter valued at about $451,000. Renaissance Technologies LLC acquired a new stake in shares of NI in the 2nd quarter valued at about $807,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of NI by 21.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,465 shares of the company’s stock valued at $856,000 after purchasing an additional 9,024 shares during the period. 20.27% of the stock is owned by hedge funds and other institutional investors.

NODK opened at $15.14 on Thursday. NI Holdings Inc has a 1 year low of $14.37 and a 1 year high of $17.90. The stock has a market capitalization of $332.04 million, a price-to-earnings ratio of 13.03 and a beta of 0.13.

NI (NASDAQ:NODK) last released its quarterly earnings results on Tuesday, November 13th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $64.10 million for the quarter. NI had a return on equity of 9.61% and a net margin of 14.42%.

Separately, BidaskClub raised NI from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st.

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NI Profile

NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, and Arizona. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies.

Further Reading: Reverse Stock Split

Institutional Ownership by Quarter for NI (NASDAQ:NODK)

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