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.
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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