EntryPoint Capital LLC Acquires New Stake in NMI Holdings Inc $NMIH

Key Points

• EntryPoint Capital LLC has invested approximately $624,000 in NMI Holdings Inc by acquiring 17,299 shares of the company in the first quarter.
• Analyst ratings for NMI Holdings Inc are mixed, with Barclays raising the target price to $42.00 while Wall Street Zen downgraded it from "buy" to "hold".
• NMI Holdings reported quarterly earnings of $1.22 per share, exceeding the consensus estimate of $1.16, despite revenue falling short of expectations at $149.07 million.

EntryPoint Capital LLC bought a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,299 shares of the financial services provider's stock, valued at approximately $624,000.

Other hedge funds have also bought and sold shares of the company. Credit Agricole S A increased its stake in shares of NMI by 4.2% in the first quarter. Credit Agricole S A now owns 88,869 shares of the financial services provider's stock worth $3,204,000 after buying an additional 3,577 shares during the period. Quantbot Technologies LP boosted its holdings in shares of NMI by 87.4% during the 1st quarter. Quantbot Technologies LP now owns 62,140 shares of the financial services provider's stock valued at $2,240,000 after buying an additional 28,987 shares in the last quarter. Algert Global LLC boosted its holdings in shares of NMI by 0.7% during the 1st quarter. Algert Global LLC now owns 204,179 shares of the financial services provider's stock valued at $7,361,000 after buying an additional 1,440 shares in the last quarter. American Century Companies Inc. boosted its stake in NMI by 9.0% in the 1st quarter. American Century Companies Inc. now owns 2,133,945 shares of the financial services provider's stock worth $76,929,000 after purchasing an additional 176,766 shares in the last quarter. Finally, Aberdeen Group plc boosted its stake in NMI by 134.2% in the 1st quarter. Aberdeen Group plc now owns 517,515 shares of the financial services provider's stock worth $18,656,000 after purchasing an additional 296,557 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 21,545 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman owned 409,792 shares in the company, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut shares of NMI from an "outperform" rating to a "market perform" rating and upped their target price for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Barclays increased their target price on shares of NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. increased their price objective on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Compass Point reaffirmed a "buy" rating and set a $37.00 price objective (up from $34.00) on shares of NMI in a report on Friday, May 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.33.

NMI Stock Up 2.9%

Shares of NMI stock traded up $1.12 during trading on Friday, hitting $40.35. 334,665 shares of the stock traded hands, compared to its average volume of 420,311. The firm has a market cap of $3.13 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The stock's fifty day simple moving average is $39.56 and its 200 day simple moving average is $37.44.

NMI (NASDAQ:NMIH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. NMI had a return on equity of 16.51% and a net margin of 55.57%.The company had revenue of $149.07 million for the quarter, compared to analyst estimates of $173.39 million. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities 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.