NI (NASDAQ:NODK) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

NI stock opened at $15.19 on Tuesday. The stock has a market cap of $346.35 million, a PE ratio of 13.59 and a beta of 0.30. NI has a 1 year low of $14.37 and a 1 year high of $17.90.

NI (NASDAQ:NODK) last posted its earnings results on Tuesday, November 13th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $64.10 million during the quarter. NI had a return on equity of 9.61% and a net margin of 14.42%.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its position in shares of NI by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 428,104 shares of the company’s stock worth $7,222,000 after buying an additional 2,811 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of NI by 8.0% during the 3rd quarter. Renaissance Technologies LLC now owns 51,426 shares of the company’s stock valued at $868,000 after purchasing an additional 3,826 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NI by 60.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 42,781 shares of the company’s stock valued at $722,000 after purchasing an additional 16,164 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of NI by 0.7% during the 3rd quarter. BlackRock Inc. now owns 506,057 shares of the company’s stock valued at $8,537,000 after purchasing an additional 3,487 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of NI during the 3rd quarter valued at about $173,000. Institutional investors own 20.14% of the company’s stock.

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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