NMI Holdings Inc (NASDAQ:NMIH) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly reduced its stake in NMI Holdings Inc by 96.8% during the 1st quarter, leaving them with 4,046 shares valued at $146,000.
• NMI Holdings reported an EPS of $1.22 for the last quarter, exceeding expectations, despite a revenue of $149.07 million which fell short of analysts' forecasts.
• Insider trading activity included the sales of shares by Director Michael Curry Montgomery and Chairman Bradley M. Shuster, indicating a 2.76% and 4.99% decrease in their respective positions.

New Age Alpha Advisors LLC lowered its stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 96.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,046 shares of the financial services provider's stock after selling 124,390 shares during the period. New Age Alpha Advisors LLC's holdings in NMI were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NMIH. Sound Income Strategies LLC acquired a new stake in NMI during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of NMI in the 1st quarter valued at $33,000. Neo Ivy Capital Management acquired a new stake in shares of NMI in the 1st quarter valued at $47,000. GAMMA Investing LLC boosted its holdings in shares of NMI by 104.2% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 798 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,623 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Trading Down 0.6%

Shares of NMI stock traded down $0.23 during trading hours on Thursday, hitting $39.78. The company's stock had a trading volume of 223,188 shares, compared to its average volume of 574,462. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The business has a fifty day moving average of $39.64 and a 200 day moving average of $37.41. The company has a market capitalization of $3.09 billion, a PE ratio of 8.45, a P/E/G ratio of 1.15 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The business had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. During the same period in the prior year, the firm earned $1.20 earnings per share. The business's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman directly owned 409,792 shares of the company's stock, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NMIH shares. Compass Point reaffirmed 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. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays boosted their target price on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods downgraded shares of NMI from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $42.00 to $43.00 in a report on Monday, July 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.