Falcon Point Capital LLC reduced its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,641 shares of the financial services provider’s stock after selling 17,762 shares during the quarter. Falcon Point Capital LLC owned about 0.06% of NMI worth $898,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of NMI by 9.3% during the 2nd quarter. BlackRock Inc. now owns 8,429,259 shares of the financial services provider’s stock worth $137,398,000 after purchasing an additional 717,539 shares during the last quarter. FMR LLC boosted its holdings in shares of NMI by 4.7% during the 2nd quarter. FMR LLC now owns 3,435,836 shares of the financial services provider’s stock worth $56,003,000 after buying an additional 153,882 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of NMI by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,814,900 shares of the financial services provider’s stock worth $29,583,000 after buying an additional 78,355 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of NMI by 123.7% during the 2nd quarter. Wells Fargo & Company MN now owns 849,619 shares of the financial services provider’s stock worth $13,849,000 after buying an additional 469,850 shares during the period. Finally, Northern Trust Corp boosted its holdings in NMI by 24.3% in the 2nd quarter. Northern Trust Corp now owns 798,371 shares of the financial services provider’s stock valued at $13,013,000 after purchasing an additional 156,176 shares during the period. 90.58% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on NMIH shares. BidaskClub raised shares of NMI from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 13th. 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. 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. Barclays initiated coverage on shares of NMI in a research report on Monday, September 10th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Zacks Investment Research cut shares of NMI from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.89.
In other NMI news, CEO Bradley M. Shuster sold 81,972 shares of NMI stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $21.24, for a total transaction of $1,741,085.28. Following the completion of the sale, the chief executive officer now directly owns 643,056 shares in the company, valued at $13,658,509.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Bradley M. Shuster sold 83,184 shares of NMI stock in a transaction that occurred 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 sale, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $14,295,134.88. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
NASDAQ NMIH traded down $1.69 on Wednesday, hitting $18.76. 308,922 shares of the company were exchanged, compared to its average volume of 252,736. NMI Holdings Inc has a 12 month low of $13.35 and a 12 month high of $24.50. The firm has a market cap of $1.30 billion, a PE ratio of 32.91 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 quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $71.76 million for the quarter. NMI had a net margin of 27.89% and a return on equity of 15.86%. On average, equities analysts predict that NMI Holdings Inc will post 1.6 earnings per share for the current year.
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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.
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