NI Holdings Inc (NASDAQ:NODK) CEO Purchases $13,960.00 in Stock

NI Holdings Inc (NASDAQ:NODK) CEO Michael J. Alexander purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $13.96 per share, for a total transaction of $13,960.00.

NI stock traded up $0.26 during midday trading on Friday, hitting $13.82. 250 shares of the company’s stock were exchanged, compared to its average volume of 23,996. The stock has a market cap of $294.89 million, a price-to-earnings ratio of 34.00 and a beta of 0.19. NI Holdings Inc has a 12-month low of $10.15 and a 12-month high of $19.64. The firm’s 50 day simple moving average is $12.45 and its 200 day simple moving average is $14.83.

NI (NASDAQ:NODK) last announced its earnings results on Wednesday, March 11th. The company reported $0.77 earnings per share for the quarter. The business had revenue of $71.31 million during the quarter. NI had a net margin of 3.53% and a return on equity of 2.66%.

Several hedge funds have recently made changes to their positions in the business. Citigroup Inc. raised its stake in shares of NI by 54.0% during the fourth quarter. Citigroup Inc. now owns 2,056 shares of the company’s stock worth $35,000 after purchasing an additional 721 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in NI in the 1st quarter valued at $32,000. Denali Advisors LLC raised its position in NI by 4,825.2% during the 4th quarter. Denali Advisors LLC now owns 7,043 shares of the company’s stock worth $121,000 after buying an additional 6,900 shares during the last quarter. Barclays PLC lifted its stake in shares of NI by 99.8% in the 4th quarter. Barclays PLC now owns 9,726 shares of the company’s stock worth $167,000 after acquiring an additional 4,858 shares during the period. Finally, Lincoln National Corp purchased a new stake in shares of NI in the fourth quarter valued at about $172,000. Institutional investors own 22.68% of the company’s stock.

Separately, BidaskClub lowered shares of NI from a “hold” rating to a “sell” rating in a research report on Friday, May 15th.

About NI

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.

Further Reading: Diversification Important in Investing

Receive News & Ratings for NI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NI and related companies with MarketBeat.com's FREE daily email newsletter.