NI Holdings, Inc. (NASDAQ:NODK) Shares Bought by Arbiter Partners Capital Management LLC

Arbiter Partners Capital Management LLC lifted its position in shares of NI Holdings, Inc. (NASDAQ:NODK) by 152.0% during the fourth quarter, Holdings Channel reports. The firm owned 51,392 shares of the company’s stock after acquiring an additional 31,000 shares during the quarter. NI makes up about 0.5% of Arbiter Partners Capital Management LLC’s portfolio, making the stock its 15th largest holding. Arbiter Partners Capital Management LLC’s holdings in NI were worth $807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NODK. Renaissance Technologies LLC boosted its stake in NI by 5.9% during the 4th quarter. Renaissance Technologies LLC now owns 87,891 shares of the company’s stock worth $1,380,000 after purchasing an additional 4,900 shares during the period. Wells Fargo & Company MN boosted its stake in shares of NI by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,579 shares of the company’s stock worth $72,000 after buying an additional 997 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NI by 107.3% during the fourth quarter. JPMorgan Chase & Co. now owns 31,911 shares of the company’s stock worth $501,000 after buying an additional 16,520 shares during the last quarter. Empowered Funds LLC acquired a new position in NI in the 4th quarter valued at about $331,000. Finally, Barclays PLC increased its position in NI by 44.0% in the 3rd quarter. Barclays PLC now owns 24,687 shares of the company’s stock valued at $387,000 after acquiring an additional 7,549 shares during the period. 21.89% of the stock is owned by hedge funds and other institutional investors.

NI Trading Down 2.2 %

NI stock opened at $13.16 on Tuesday. The stock has a 50 day moving average of $14.37 and a two-hundred day moving average of $15.18. NI Holdings, Inc. has a twelve month low of $13.00 and a twelve month high of $17.24. The stock has a market capitalization of $272.18 million, a price-to-earnings ratio of -47.00 and a beta of 0.33.

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

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.