Bank of New York Mellon Corp Increases Holdings in NI Holdings, Inc. (NASDAQ:NODK)

Bank of New York Mellon Corp boosted its holdings in shares of NI Holdings, Inc. (NASDAQ:NODK) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 23,787 shares of the company’s stock after acquiring an additional 1,246 shares during the quarter. Bank of New York Mellon Corp’s holdings in NI were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of NI by 38.8% during the first quarter. Vanguard Group Inc. now owns 716,845 shares of the company’s stock valued at $10,860,000 after buying an additional 200,561 shares during the period. BNP Paribas Financial Markets lifted its stake in NI by 65.2% in the first quarter. BNP Paribas Financial Markets now owns 4,085 shares of the company’s stock worth $62,000 after acquiring an additional 1,612 shares during the period. Finally, Orchard Capital Management LLC lifted its stake in NI by 0.9% in the fourth quarter. Orchard Capital Management LLC now owns 337,437 shares of the company’s stock worth $4,383,000 after acquiring an additional 3,087 shares during the period. Institutional investors own 21.89% of the company’s stock.

NI Trading Up 1.1 %

Shares of NASDAQ NODK opened at $15.39 on Thursday. The firm has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $15.16. NI Holdings, Inc. has a 12 month low of $12.01 and a 12 month high of $16.55. The firm has a market capitalization of $317.80 million, a PE ratio of 61.56 and a beta of 0.36.

NI (NASDAQ:NODK) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.36) earnings per share (EPS) for the quarter. NI had a negative net margin of 0.81% and a positive return on equity of 2.38%. The company had revenue of $87.81 million for the quarter.

NI Company Profile

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.