BidaskClub Lowers NI (NODK) to Strong Sell

NI (NASDAQ:NODK) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday, December 5th.

NI (NODK) traded down $0.18 during mid-day trading on Tuesday, reaching $16.98. 21,408 shares of the company’s stock traded hands, compared to its average volume of 8,782. NI has a 52-week low of $14.00 and a 52-week high of $18.80. The company has a market cap of $378.88 and a price-to-earnings ratio of 121.29.

Large investors have recently bought and sold shares of the stock. Spark Investment Management LLC bought a new position in NI during the 2nd quarter worth approximately $253,000. Schwab Charles Investment Management Inc. bought a new position in NI during the 2nd quarter worth approximately $648,000. Rhumbline Advisers bought a new position in NI during the 2nd quarter worth approximately $188,000. Bank of New York Mellon Corp bought a new stake in shares of NI in the 2nd quarter valued at $640,000. Finally, M3F Inc. increased its stake in shares of NI by 10.8% in the 2nd quarter. M3F Inc. now owns 163,263 shares of the company’s stock valued at $2,919,000 after acquiring an additional 15,900 shares in the last quarter. Institutional investors and hedge funds own 18.21% of the company’s stock.

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NI Company Profile

NI Holdings, Inc is the stock holding company of Nodak Mutual Insurance Company (Nodak Mutual). Nodak Mutual is a mutual insurance company based in North Dakota. It offers property and casualty insurance, crop hail, and multi-peril crop insurance to members of the North Dakota Farm Bureau through captive agents in North Dakota.

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