Invictus RG Buys New Position in NMI Holdings Inc (NMIH)

Invictus RG bought a new stake in NMI Holdings Inc (NASDAQ:NMIH) in the 3rd quarter, Holdings Channel reports. The firm bought 12,413 shares of the financial services provider’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its position in NMI by 70.0% during the second quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 2,618 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in NMI during the third quarter worth $106,000. Itau Unibanco Holding S.A. acquired a new position in NMI during the second quarter worth $129,000. Meadow Creek Investment Management LLC raised its position in NMI by 70.0% during the second quarter. Meadow Creek Investment Management LLC now owns 9,826 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 4,046 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in NMI during the second quarter worth $182,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.

In other news, CEO Bradley M. Shuster sold 83,184 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $22.23, for a total transaction of $1,849,180.32. Following the completion of the sale, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $14,295,134.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by corporate insiders.

A number of research firms have weighed in on NMIH. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Friday, November 2nd. BidaskClub cut shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $28.00 in a research report on Monday, November 5th. ValuEngine cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, Compass Point upped their price objective on shares of NMI from $23.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NMI currently has a consensus rating of “Buy” and a consensus price target of $24.89.

NMI stock opened at $18.28 on Friday. NMI Holdings Inc has a 52-week low of $13.35 and a 52-week high of $24.50. The firm has a market cap of $1.26 billion, a PE ratio of 32.07 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. NMI had a net margin of 27.89% and a return on equity of 15.86%. The business had revenue of $71.76 million during the quarter. Equities research analysts anticipate that NMI Holdings Inc will post 1.6 EPS for the current fiscal year.

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NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

Further Reading: When is a capital gain realized?

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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