NI (NASDAQ:NODK) Stock Price Down 0.9% – Should You Sell?

Shares of NI Holdings, Inc. (NASDAQ:NODK) dropped 0.9% on Thursday . The stock traded as low as $15.44 and last traded at $15.56. Approximately 8,877 shares were traded during trading, a decline of 53% from the average daily volume of 18,963 shares. The stock had previously closed at $15.70.

NI Price Performance

The stock has a market cap of $321.30 million, a PE ratio of -55.57 and a beta of 0.37. The stock’s fifty day moving average is $16.00 and its 200-day moving average is $15.51.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in NI by 108.9% in the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock valued at $241,000 after purchasing an additional 8,025 shares during the period. Barclays PLC increased its position in shares of NI by 44.0% during the 3rd quarter. Barclays PLC now owns 24,687 shares of the company’s stock worth $387,000 after purchasing an additional 7,549 shares during the last quarter. Geode Capital Management LLC raised its holdings in NI by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 169,290 shares of the company’s stock valued at $2,655,000 after buying an additional 3,092 shares during the period. Creative Planning lifted its position in NI by 14.8% in the third quarter. Creative Planning now owns 15,533 shares of the company’s stock valued at $244,000 after buying an additional 2,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in NI by 2.2% in the second quarter. Renaissance Technologies LLC now owns 59,991 shares of the company’s stock valued at $918,000 after buying an additional 1,300 shares during the last quarter. 21.89% of the stock is currently owned by institutional investors and hedge funds.

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.