Interval Partners LP Invests $1.34 Million in NMI Holdings, Inc. (NASDAQ:NMIH)

Interval Partners LP bought a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,535 shares of the financial services provider’s stock, valued at approximately $1,343,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. lifted its position in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after buying an additional 286 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,387 shares during the period. Covestor Ltd lifted its position in shares of NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,623 shares during the period. Sterling Capital Management LLC lifted its position in shares of NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after buying an additional 2,036 shares during the period. Finally, KBC Group NV lifted its position in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

NMIH has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods cut their price objective on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Insider Transactions at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at $1,744,285.92. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares of the company’s stock, valued at $12,038,651.10. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,360 shares of company stock worth $4,042,654. Company insiders own 3.00% of the company’s stock.

NMI Stock Performance

Shares of NASDAQ NMIH opened at $37.88 on Monday. The stock has a 50 day moving average price of $35.13 and a 200 day moving average price of $36.65. NMI Holdings, Inc. has a 52 week low of $31.59 and a 52 week high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The stock has a market capitalization of $2.96 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.