Twinbeech Capital LP Lowers Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Twinbeech Capital LP decreased its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 90.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,016 shares of the financial services provider's stock after selling 68,633 shares during the period. Twinbeech Capital LP's holdings in NMI were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NMIH. Assetmark Inc. lifted its stake in shares of NMI by 12.6% during the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock worth $3,235,000 after purchasing an additional 9,842 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock worth $39,533,000 after acquiring an additional 11,347 shares in the last quarter. Barclays PLC lifted its stake in shares of NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after acquiring an additional 280,809 shares in the last quarter. abrdn plc bought a new stake in NMI in the fourth quarter valued at about $8,122,000. Finally, BNP Paribas Financial Markets grew its holdings in NMI by 13.3% in the 4th quarter. BNP Paribas Financial Markets now owns 127,132 shares of the financial services provider's stock worth $4,673,000 after buying an additional 14,908 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reduced their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised shares of NMI from a "hold" rating to a "buy" rating in a research note 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, NMI currently has an average rating of "Moderate Buy" and an average target price of $42.29.

NMI Stock Performance

NMIH traded down $0.11 on Thursday, hitting $38.80. The company's stock had a trading volume of 77,401 shares, compared to its average volume of 550,487. The firm has a market cap of $3.03 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 12 month low of $31.60 and a 12 month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company's 50 day simple moving average is $35.90 and its 200-day simple moving average is $36.67.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data 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 17.33% and a net margin of 55.32%. The firm had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. During the same period in the prior year, the business earned $1.08 EPS. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In related news, insider William J. Leatherberry sold 13,111 shares of NMI stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the transaction, the insider now owns 163,796 shares in the company, valued at approximately $5,824,585.76. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Owen Smith sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the sale, the executive vice president now owns 84,566 shares of the company's stock, valued at $3,093,424.28. The trade was a 19.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,152 shares of company stock worth $3,358,017. Insiders own 3.00% of the company's stock.

NMI 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.