MQS Management LLC Takes $247,000 Position in NMI Holdings Inc (NASDAQ:NMIH)

MQS Management LLC acquired a new position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,847 shares of the financial services provider's stock, valued at approximately $247,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock valued at $263,160,000 after acquiring an additional 39,503 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NMI by 70.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after acquiring an additional 844,037 shares during the last quarter. American Century Companies Inc. lifted its holdings in NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock valued at $71,946,000 after acquiring an additional 145,591 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after acquiring an additional 337,996 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in NMI by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after acquiring an additional 4,570 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NMI

In other news, Director Michael Curry Montgomery sold 1,875 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the sale, the director owned 66,068 shares in the company, valued at approximately $2,513,887.40. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Pollitzer sold 57,166 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was 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 owned 329,465 shares of the company's stock, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,697 shares of company stock worth $4,210,337 over the last three months. Insiders own 3.00% of the company's stock.

NMI Stock Performance

NMIH traded up $0.34 during trading on Wednesday, reaching $37.63. The company's stock had a trading volume of 648,981 shares, compared to its average volume of 559,617. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The company's fifty day moving average price is $39.73 and its 200-day moving average price is $37.20. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.74 and a current ratio of 0.74.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen cut NMI from a "buy" rating to a "hold" rating in a report on Saturday. Barclays upped their price objective on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Compass Point reissued a "buy" rating and issued a $37.00 target price (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods lowered NMI from an "outperform" rating to a "market perform" rating and increased their target price for the company from $42.00 to $43.00 in a report on Monday, July 7th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NMI presently has an average rating of "Moderate Buy" and an average price target of $43.00.

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.