GSA Capital Partners LLP Sells 15,920 Shares of NMI Holdings Inc $NMIH

GSA Capital Partners LLP trimmed its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 21.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 58,540 shares of the financial services provider’s stock after selling 15,920 shares during the quarter. GSA Capital Partners LLP’s holdings in NMI were worth $2,244,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NMIH. Walleye Capital LLC bought a new stake in shares of NMI during the second quarter worth about $13,245,000. Exchange Traded Concepts LLC bought a new position in NMI in the 3rd quarter valued at about $1,926,000. Capital Fund Management S.A. acquired a new position in NMI during the 2nd quarter valued at about $1,298,000. Jump Financial LLC increased its holdings in NMI by 184.6% during the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock worth $8,156,000 after purchasing an additional 125,401 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of NMI by 219.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock worth $3,329,000 after purchasing an additional 59,682 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. UBS Group set a $43.00 price target on shares of NMI in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $46.00 to $48.00 in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Stock Performance

Shares of NMIH stock opened at $39.65 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.10 and a beta of 0.64. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The firm’s 50-day simple moving average is $39.74 and its two-hundred day simple moving average is $38.60.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same quarter last year, the business posted $1.07 EPS. As a group, equities analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Buying and Selling at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.