Continental Advisors LLC Has $6.23 Million Holdings in NMI Holdings Inc (NASDAQ:NMIH)

Continental Advisors LLC lowered its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 502,075 shares of the financial services provider’s stock after selling 28,700 shares during the period. NMI comprises about 1.4% of Continental Advisors LLC’s holdings, making the stock its 18th largest holding. Continental Advisors LLC owned approximately 0.84% of NMI worth $6,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Hancock Holding Co. increased its holdings in NMI by 4.3% during the 2nd quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 715 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of NMI by 9.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 800 shares during the period. Legal & General Group Plc grew its holdings in shares of NMI by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 1,047 shares during the period. Falcon Point Capital LLC grew its holdings in shares of NMI by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock worth $2,339,000 after acquiring an additional 1,055 shares during the period. Finally, Alpine Woods Capital Investors LLC grew its holdings in shares of NMI by 10.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 2,000 shares during the period. 83.57% of the stock is owned by hedge funds and other institutional investors.

NMIH has been the topic of a number of analyst reports. BidaskClub cut NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine cut NMI from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Compass Point upped their price objective on NMI from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BTIG Research reiterated a “buy” rating and issued a $21.00 price target (up previously from $17.00) on shares of NMI in a research note on Wednesday, December 20th. Finally, Singular Research assumed coverage on NMI in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 price target for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. NMI currently has an average rating of “Buy” and a consensus target price of $16.50.

In other NMI news, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction on Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Julie Norberg sold 16,600 shares of NMI stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the transaction, the vice president now directly owns 32,305 shares in the company, valued at $540,462.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,600 shares of company stock worth $714,618. 5.40% of the stock is currently owned by corporate insiders.

Shares of NMI Holdings Inc (NASDAQ NMIH) traded up $0.75 during midday trading on Tuesday, reaching $17.75. 698,550 shares of the company’s stock traded hands, compared to its average volume of 528,800. The company has a market capitalization of $1,070.00, a P/E ratio of 12.50 and a beta of 0.84. NMI Holdings Inc has a twelve month low of $9.90 and a twelve month high of $18.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. research analysts predict that NMI Holdings Inc will post 0.56 earnings per share for the current fiscal year.

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About NMI

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).

Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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