Rhumbline Advisers Has $188,000 Position in NI Holdings, Inc. (NASDAQ:NODK)

Rhumbline Advisers lowered its position in NI Holdings, Inc. (NASDAQ:NODK) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,953 shares of the company’s stock after selling 2,579 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of NI worth $188,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of NI by 14.8% during the 3rd quarter. Creative Planning now owns 15,533 shares of the company’s stock worth $244,000 after buying an additional 2,000 shares during the last quarter. Barclays PLC lifted its stake in shares of NI by 44.0% during the 3rd quarter. Barclays PLC now owns 24,687 shares of the company’s stock worth $387,000 after buying an additional 7,549 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NI by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 169,290 shares of the company’s stock worth $2,655,000 after buying an additional 3,092 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NI by 108.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock worth $241,000 after buying an additional 8,025 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of NI during the 4th quarter worth about $331,000. Institutional investors and hedge funds own 21.89% of the company’s stock.

NI Stock Performance

NASDAQ NODK opened at $14.00 on Tuesday. The firm has a 50-day moving average of $14.78 and a 200-day moving average of $15.36. The stock has a market cap of $289.09 million, a PE ratio of -50.00 and a beta of 0.33. NI Holdings, Inc. has a 52-week low of $13.47 and a 52-week high of $17.24.

NI (NASDAQ:NODK) last posted its earnings results on Friday, March 7th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $73.91 million during the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%.

NI 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.