NI (NODK) Downgraded by BidaskClub to “Strong Sell”

NI (NASDAQ:NODK) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, February 4th.

Shares of NODK opened at $15.21 on Monday. The company has a market capitalization of $340.10 million, a price-to-earnings ratio of 13.51 and a beta of 0.13. NI has a 12 month low of $14.37 and a 12 month high of $17.90.

Hedge funds and other institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of NI in the fourth quarter valued at $45,000. Bessemer Group Inc. acquired a new stake in shares of NI in the third quarter valued at $100,000. Bank of America Corp DE grew its stake in shares of NI by 41.3% in the fourth quarter. Bank of America Corp DE now owns 6,373 shares of the company’s stock valued at $100,000 after buying an additional 1,862 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of NI in the third quarter valued at $173,000. Finally, Rhumbline Advisers acquired a new stake in shares of NI in the fourth quarter valued at $217,000. 20.99% of the stock is owned by institutional investors and hedge funds.

About NI

NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, and Arizona. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies.

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