BidaskClub Lowers NI (NODK) to Strong Sell
NI (NASDAQ:NODK) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
Shares of NI (NODK) traded down $0.17 during trading on Tuesday, reaching $16.79. 9,677 shares of the company were exchanged, compared to its average volume of 9,370. NI has a one year low of $14.00 and a one year high of $18.80.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC acquired a new stake in NI during the second quarter worth approximately $326,000. Stilwell Value LLC raised its holdings in NI by 1,688.0% during the second quarter. Stilwell Value LLC now owns 2,634,868 shares of the company’s stock worth $2,635,000 after purchasing an additional 2,487,504 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in NI during the second quarter worth approximately $640,000. TIAA CREF Investment Management LLC acquired a new stake in NI during the second quarter worth approximately $561,000. Finally, Vanguard Group Inc. acquired a new stake in NI during the second quarter worth approximately $10,201,000. Institutional investors own 18.21% of the company’s stock.
NI Holdings, Inc is the stock holding company of Nodak Mutual Insurance Company (Nodak Mutual). Nodak Mutual is a mutual insurance company based in North Dakota. It offers property and casualty insurance, crop hail, and multi-peril crop insurance to members of the North Dakota Farm Bureau through captive agents in North Dakota.
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