GAMMA Investing LLC Has $2.03 Million Holdings in NMI Holdings Inc (NASDAQ:NMIH)

GAMMA Investing LLC increased its stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 7,260.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,382 shares of the financial services provider's stock after buying an additional 55,616 shares during the quarter. GAMMA Investing LLC owned about 0.07% of NMI worth $2,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NMIH. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NMI by 5.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock worth $222,000 after purchasing an additional 325 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in NMI during the fourth quarter worth about $2,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in NMI by 23.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider's stock worth $6,021,000 after purchasing an additional 30,607 shares during the period. Virtus Fund Advisers LLC grew its stake in NMI by 43.7% during the fourth quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider's stock worth $137,000 after buying an additional 1,129 shares in the last quarter. Finally, Virtus Investment Advisers Inc. increased its holdings in NMI by 13.8% in the 4th quarter. Virtus Investment Advisers Inc. now owns 42,806 shares of the financial services provider's stock valued at $1,574,000 after buying an additional 5,200 shares during the period. Institutional investors own 94.12% of the company's stock.

Insider Activity

In related news, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the sale, the insider now owns 163,796 shares of the company's stock, valued at $5,824,585.76. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,697 shares of company stock valued at $4,210,337 over the last quarter. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

NMI Price Performance

Shares of NASDAQ:NMIH traded down $1.06 during trading on Tuesday, hitting $39.63. 583,540 shares of the company were exchanged, compared to its average volume of 558,498. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $42.49. The company has a market capitalization of $3.10 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. The business's 50 day moving average is $37.17 and its 200-day moving average is $36.77.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. NMI had a return on equity of 17.27% and a net margin of 55.93%. The business had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current 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.