GAMMA Investing LLC Acquires 55,616 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

GAMMA Investing LLC increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 7,260.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 56,382 shares of the financial services provider's stock after purchasing an additional 55,616 shares during the period. GAMMA Investing LLC owned 0.07% of NMI worth $2,033,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NMIH. Entropy Technologies LP boosted its holdings in shares of NMI by 38.7% during the fourth quarter. Entropy Technologies LP now owns 7,888 shares of the financial services provider's stock worth $290,000 after acquiring an additional 2,201 shares during the period. Principal Securities Inc. boosted its holdings in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of NMI by 11.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 55,563 shares of the financial services provider's stock worth $2,042,000 after acquiring an additional 5,912 shares during the period. Principal Financial Group Inc. raised its position in shares of NMI by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after buying an additional 15,868 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of NMI by 196.3% in the fourth quarter. New York State Common Retirement Fund now owns 75,013 shares of the financial services provider's stock valued at $2,757,000 after buying an additional 49,700 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Price Performance

NMIH traded down $0.26 during trading on Friday, hitting $40.34. 443,845 shares of the stock traded hands, compared to its average volume of 556,888. NMI Holdings, Inc. has a twelve month low of $31.67 and a twelve month high of $42.49. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The business has a 50 day moving average price of $36.77 and a 200 day moving average price of $36.79.

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

Insider Transactions at NMI

In other news, CEO Adam Pollitzer sold 57,166 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares in the company, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Leatherberry sold 13,111 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following the transaction, the insider now owns 163,796 shares of the company's stock, valued at $5,824,585.76. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,697 shares of company stock worth $4,210,337. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NMIH shares. UBS Group dropped their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, Compass Point reiterated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

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.