Dimensional Fund Advisors LP lowered its stake in Nationstar Mortgage Holdings Inc (NYSE:NSM) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,663,649 shares of the financial services provider’s stock after selling 62,536 shares during the period. Dimensional Fund Advisors LP owned approximately 1.69% of Nationstar Mortgage worth $29,164,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Nationstar Mortgage in the second quarter valued at approximately $133,000. Eqis Capital Management Inc. acquired a new position in shares of Nationstar Mortgage in the second quarter valued at approximately $182,000. Virtu Financial LLC acquired a new position in shares of Nationstar Mortgage in the second quarter valued at approximately $190,000. California Public Employees Retirement System acquired a new position in shares of Nationstar Mortgage in the first quarter valued at approximately $195,000. Finally, Stifel Financial Corp increased its holdings in shares of Nationstar Mortgage by 232.7% in the first quarter. Stifel Financial Corp now owns 35,930 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 25,130 shares during the period. 96.99% of the stock is currently owned by institutional investors and hedge funds.
NSM has been the topic of a number of recent research reports. ValuEngine raised Nationstar Mortgage from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Barclays upped their price objective on Nationstar Mortgage from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods raised Nationstar Mortgage from a “market perform” rating to an “outperform” rating and set a $14.50 price objective on the stock in a report on Monday, July 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.80.
Shares of NSM stock opened at $18.27 on Monday. Nationstar Mortgage Holdings Inc has a 1-year low of $15.95 and a 1-year high of $20.71. The firm has a market cap of $1.79 billion, a P/E ratio of 12.34 and a beta of 1.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 5.31.
Nationstar Mortgage (NYSE:NSM) last announced its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Nationstar Mortgage had a return on equity of 10.28% and a net margin of 14.19%. The firm had revenue of $444.00 million for the quarter, compared to analyst estimates of $446.20 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. Nationstar Mortgage’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Nationstar Mortgage Holdings Inc will post 2.3 EPS for the current fiscal year.
Nationstar Mortgage Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination, and transaction based services primarily to single-family residences in the United States. It operates in three segments: Servicing, Originations, and Xome. The Servicing segment offers conventional residential mortgage loans and home equity conversion loans.
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