BidaskClub cut shares of NI (NASDAQ:NODK) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Shares of NI (NASDAQ NODK) opened at $16.99 on Tuesday. NI has a 52-week low of $14.00 and a 52-week high of $18.80.

Several institutional investors have recently bought and sold shares of NODK. Newtyn Management LLC raised its position in NI by 5.3% in the 3rd quarter. Newtyn Management LLC now owns 600,000 shares of the company’s stock worth $10,740,000 after purchasing an additional 30,000 shares during the period. Western Standard LLC purchased a new position in NI in the 3rd quarter worth $331,000. TCW Group Inc. raised its position in NI by 21.5% in the 3rd quarter. TCW Group Inc. now owns 30,971 shares of the company’s stock worth $554,000 after purchasing an additional 5,474 shares during the period. Stilwell Value LLC raised its position in NI by 1,688.0% in the 2nd 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 during the period. Finally, California State Teachers Retirement System purchased a new position in NI in the 2nd quarter worth $325,000. Hedge funds and other institutional investors own 18.21% of the company’s stock.

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About NI

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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