NMI Holdings Inc $NMIH Holdings Raised by Interval Partners LP

Key Points

• Interval Partners LP has significantly increased its stake in NMI Holdings Inc by 104.9%, acquiring a total of 74,866 shares worth approximately $2.7 million.
• Wall Street analysts have provided a mixed outlook for NMI, with a consensus rating of "Moderate Buy" and a price target of $42.33, though individual reviews vary from "buy" to "hold."
• NMI reported $1.22 earnings per share (EPS) for the last quarter, exceeding analyst estimates, with revenue increasing by 7.2% year-over-year despite falling short of expectations.

Interval Partners LP increased its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 104.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,866 shares of the financial services provider's stock after purchasing an additional 38,331 shares during the quarter. Interval Partners LP owned 0.10% of NMI worth $2,699,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in NMI in the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new stake in NMI in the 1st quarter valued at about $33,000. Neo Ivy Capital Management acquired a new stake in NMI in the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of NMI during the 1st quarter worth about $48,000. Finally, Quarry LP raised its holdings in NMI by 89.3% in the first quarter. Quarry LP now owns 1,482 shares of the financial services provider's stock valued at $53,000 after buying an additional 699 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

NMI stock traded up $0.58 during mid-day trading on Thursday, reaching $40.21. The company's stock had a trading volume of 91,895 shares, compared to its average volume of 546,615. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.14 and a beta of 0.55. The business has a 50 day moving average price of $39.06 and a 200-day moving average price of $37.75. 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 twelve month low of $31.90 and a twelve month high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The firm had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm's revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About NMI

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.