Rhumbline Advisers Sells 782 Shares of NI Holdings, Inc. (NASDAQ:NODK)

Rhumbline Advisers reduced its stake in NI Holdings, Inc. (NASDAQ:NODK) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,197 shares of the company’s stock after selling 782 shares during the quarter. Rhumbline Advisers owned about 0.06% of NI worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NODK. BNP Paribas Financial Markets grew its holdings in shares of NI by 65.2% during the first quarter. BNP Paribas Financial Markets now owns 4,085 shares of the company’s stock valued at $62,000 after buying an additional 1,612 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in NI by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company’s stock valued at $364,000 after purchasing an additional 1,246 shares during the last quarter. Orchard Capital Management LLC increased its holdings in shares of NI by 0.9% in the 4th quarter. Orchard Capital Management LLC now owns 337,437 shares of the company’s stock worth $4,383,000 after purchasing an additional 3,087 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NI by 38.8% in the first quarter. Vanguard Group Inc. now owns 716,845 shares of the company’s stock worth $10,860,000 after purchasing an additional 200,561 shares during the last quarter. Hedge funds and other institutional investors own 21.89% of the company’s stock.

NI Stock Up 1.5 %

Shares of NASDAQ NODK opened at $15.50 on Monday. The firm’s 50-day moving average price is $15.17 and its 200-day moving average price is $15.18. NI Holdings, Inc. has a 52-week low of $12.01 and a 52-week high of $16.55. The company has a market cap of $319.75 million, a PE ratio of 62.00 and a beta of 0.36.

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

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.