Bridgeway Capital Management LLC Invests $1.84 Million in NMI Holdings, Inc. (NASDAQ:NMIH)

Bridgeway Capital Management LLC acquired a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the financial services provider's stock, valued at approximately $1,838,000. Bridgeway Capital Management LLC owned 0.06% of NMI at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of NMI by 66.5% in 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 in the last quarter. Smartleaf Asset Management LLC raised its position in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after acquiring an additional 1,387 shares in the last quarter. Covestor Ltd lifted its holdings in NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,623 shares during the last quarter. Sterling Capital Management LLC boosted 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 valued at $84,000 after purchasing an additional 2,036 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after purchasing an additional 892 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Activity at NMI

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

NMI Stock Down 1.1 %

NASDAQ:NMIH opened at $37.88 on Friday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 1-year low of $31.59 and a 1-year high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The business's fifty day moving average price is $35.13 and its 200 day moving average price is $36.69.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. The firm had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NMIH shares. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com raised NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods dropped their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

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.

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