GSA Capital Partners LLP grew its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH – Free Report) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,511 shares of the financial services provider’s stock after purchasing an additional 13,971 shares during the period. NMI comprises about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 24th biggest position. GSA Capital Partners LLP owned about 0.09% of NMI worth $2,958,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its stake in NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares during the period. Maseco LLP purchased a new stake in NMI during the fourth quarter worth about $31,000. Farther Finance Advisors LLC grew its position in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after buying an additional 620 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of NMI by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after buying an additional 289 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of NMI by 1,308.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,779 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NMIH. Barclays lowered their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods lowered their price objective on NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.40.
Insider Transactions at NMI
In related news, Chairman Bradley M. Shuster sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total value of $2,179,650.00. Following the completion of the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 150,912 shares of company stock valued at $5,820,856 over the last three months. Corporate insiders own 2.44% of the company’s stock.
NMI Stock Performance
Shares of NMIH opened at $38.56 on Tuesday. The stock has a 50 day moving average price of $38.38 and a 200 day moving average price of $38.73. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 1.16 and a beta of 0.59. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $43.20.
NMI (NASDAQ:NMIH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $183.48 million during the quarter, compared to the consensus estimate of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. Research analysts predict that NMI Holdings Inc will post 5.15 EPS for the current fiscal year.
NMI Profile
NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.
Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.
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