Interval Partners LP Buys Shares of 36,535 NMI Holdings, Inc. (NASDAQ:NMIH)

Interval Partners LP acquired a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 36,535 shares of the financial services provider's stock, valued at approximately $1,343,000.

Several other hedge funds have also recently modified their holdings of the stock. Principal Securities Inc. lifted its stake in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in NMI by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock valued at $547,000 after buying an additional 320 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock worth $1,183,000 after acquiring an additional 376 shares during the last quarter. Atria Investments Inc raised its holdings in shares of NMI by 5.9% during the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after acquiring an additional 422 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of NMI by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Stock Up 1.2%

NASDAQ NMIH traded up $0.43 during midday trading on Thursday, hitting $37.65. 483,643 shares of the company traded hands, compared to its average volume of 543,891. The company has a market cap of $2.94 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a 52 week low of $31.59 and a 52 week high of $42.49. The company's 50-day simple moving average is $35.23 and its 200-day simple moving average is $36.65.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 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 for the quarter, compared to the consensus estimate of $169.04 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company's revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 value of $2,088,845.64. Following the completion of the transaction, the chief executive officer now owns 329,465 shares of the company's stock, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. The trade was a 34.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,235 shares of company stock worth $4,113,998. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods cut their target price on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group cut their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.17.

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.