NMI Holdings Inc (NASDAQ:NMIH) Director Regina Muehlhauser purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $11.03 per share, with a total value of $110,300.00. Following the completion of the purchase, the director now directly owns 21,578 shares of the company’s stock, valued at approximately $238,005.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NMI Holdings Inc (NASDAQ NMIH) traded down 1.80% during midday trading on Tuesday, hitting $10.90. The stock had a trading volume of 94,470 shares. The company has a market cap of $651.66 million, a PE ratio of 8.91 and a beta of 0.64. NMI Holdings Inc has a 52 week low of $5.02 and a 52 week high of $12.55. The stock’s 50 day moving average price is $10.88 and its 200-day moving average price is $10.95.
NMI Holdings (NASDAQ:NMIH) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. NMI Holdings had a return on equity of 5.30% and a net margin of 54.25%. The company had revenue of $37.05 million for the quarter. Equities research analysts predict that NMI Holdings Inc will post $0.57 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in NMIH. Two Sigma Securities LLC bought a new position in shares of NMI Holdings during the first quarter worth about $131,000. O Shaughnessy Asset Management LLC bought a new position in shares of NMI Holdings during the first quarter worth about $223,000. California Public Employees Retirement System bought a new position in shares of NMI Holdings during the first quarter worth about $239,000. Trexquant Investment LP bought a new position in shares of NMI Holdings during the fourth quarter worth about $241,000. Finally, Menta Capital LLC raised its position in shares of NMI Holdings by 1.0% in the fourth quarter. Menta Capital LLC now owns 26,200 shares of the financial services provider’s stock worth $279,000 after buying an additional 265 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.
Separately, Zacks Investment Research cut shares of NMI Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.88.
NMI Holdings Company Profile
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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