Walthausen & Co. LLC grew its holdings in shares of NI Holdings Inc (NASDAQ:NODK) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,840 shares of the company’s stock after purchasing an additional 23,210 shares during the quarter. Walthausen & Co. LLC’s holdings in NI were worth $1,580,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Newtyn Management LLC lifted its position in NI by 5.2% in the fourth quarter. Newtyn Management LLC now owns 604,738 shares of the company’s stock valued at $10,401,000 after buying an additional 29,738 shares during the last quarter. Zebra Capital Management LLC boosted its holdings in shares of NI by 99.9% in the fourth quarter. Zebra Capital Management LLC now owns 21,434 shares of the company’s stock valued at $369,000 after acquiring an additional 10,710 shares during the period. Western Standard LLC boosted its holdings in shares of NI by 3.3% in the fourth quarter. Western Standard LLC now owns 115,477 shares of the company’s stock valued at $1,986,000 after acquiring an additional 3,700 shares during the period. UBS Group AG boosted its holdings in shares of NI by 74.4% in the fourth quarter. UBS Group AG now owns 12,749 shares of the company’s stock valued at $219,000 after acquiring an additional 5,440 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of NI by 54.0% in the fourth quarter. Citigroup Inc. now owns 2,056 shares of the company’s stock valued at $35,000 after acquiring an additional 721 shares during the period. 21.83% of the stock is currently owned by institutional investors.
Shares of NASDAQ NODK traded up $0.68 during mid-day trading on Thursday, hitting $11.94. 53,300 shares of the company were exchanged, compared to its average volume of 28,303. The stock has a 50 day simple moving average of $14.07 and a 200-day simple moving average of $16.13. NI Holdings Inc has a 1-year low of $10.15 and a 1-year high of $19.64. The firm has a market cap of $270.96 million, a price-to-earnings ratio of 10.03 and a beta of 0.21.
Several research firms have recently weighed in on NODK. BidaskClub raised NI from a “hold” rating to a “buy” rating in a report on Wednesday, March 18th. TheStreet downgraded NI from a “b-” rating to a “c” rating in a report on Monday, December 16th.
NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies, as well as non-standard automobile insurance products.
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