Tower Research Capital LLC TRC Has $61,000 Stock Holdings in NI Holdings, Inc. (NASDAQ:NODK)

Tower Research Capital LLC TRC increased its stake in shares of NI Holdings, Inc. (NASDAQ:NODK) by 26.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,882 shares of the company’s stock after buying an additional 815 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NI were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in NI by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,579 shares of the company’s stock valued at $72,000 after acquiring an additional 997 shares during the period. JPMorgan Chase & Co. boosted its stake in NI by 108.9% during the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock worth $241,000 after acquiring an additional 8,025 shares in the last quarter. Empowered Funds LLC bought a new position in NI during the fourth quarter worth $331,000. Barclays PLC boosted its stake in NI by 44.0% during the third quarter. Barclays PLC now owns 24,687 shares of the company’s stock worth $387,000 after acquiring an additional 7,549 shares in the last quarter. Finally, Arbiter Partners Capital Management LLC lifted its stake in shares of NI by 152.0% in the fourth quarter. Arbiter Partners Capital Management LLC now owns 51,392 shares of the company’s stock valued at $807,000 after buying an additional 31,000 shares in the last quarter. 21.89% of the stock is currently owned by institutional investors and hedge funds.

NI Trading Up 3.0%

NI stock opened at $12.56 on Monday. NI Holdings, Inc. has a 1-year low of $12.01 and a 1-year high of $17.24. The firm has a market capitalization of $259.98 million, a price-to-earnings ratio of -44.86 and a beta of 0.38. The firm’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $14.73.

NI (NASDAQ:NODK) last released its quarterly earnings results on Friday, May 9th. The company reported $0.31 earnings per share for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%. The company had revenue of $71.43 million for the quarter.

About NI

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.