Jackson Creek Investment Advisors LLC Takes Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Jackson Creek Investment Advisors LLC bought a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,049 shares of the financial services provider's stock, valued at approximately $951,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in NMI during the 4th quarter valued at about $27,000. Versor Investments LP bought a new position in shares of NMI during the third quarter valued at about $203,000. DekaBank Deutsche Girozentrale bought a new position in shares of NMI during the third quarter valued at about $204,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in NMI during the third quarter worth about $211,000. Finally, Dark Forest Capital Management LP grew its position in NMI by 15.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 9,256 shares of the financial services provider's stock worth $251,000 after purchasing an additional 1,233 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Stock Performance

Shares of NMIH stock traded down $0.27 on Tuesday, hitting $30.86. 888,796 shares of the stock were exchanged, compared to its average volume of 544,455. The firm's 50 day moving average is $30.40 and its two-hundred day moving average is $29.45. NMI Holdings, Inc. has a one year low of $22.40 and a one year high of $32.50. The firm has a market capitalization of $2.49 billion, a PE ratio of 8.04, a P/E/G ratio of 1.15 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The firm had revenue of $151.38 million during the quarter, compared to analyst estimates of $131.70 million. During the same quarter last year, the business earned $0.86 earnings per share. The company's quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts expect that NMI Holdings, Inc. will post 4.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NMIH shares. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Truist Financial boosted their price objective on NMI from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on NMI from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, April 3rd. Royal Bank of Canada lifted their target price on NMI from $31.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods increased their price target on shares of NMI from $33.00 to $36.00 and gave the company a "market perform" rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NMI presently has an average rating of "Moderate Buy" and a consensus target price of $34.44.

Insider Buying and Selling

In other NMI news, VP Nicholas Daniel Realmuto sold 1,249 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total transaction of $37,757.27. Following the sale, the vice president now owns 10,455 shares of the company's stock, valued at approximately $316,054.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the sale, the chairman now directly owns 453,298 shares of the company's stock, valued at $13,512,813.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nicholas Daniel Realmuto sold 1,249 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total transaction of $37,757.27. Following the completion of the transaction, the vice president now owns 10,455 shares of the company's stock, valued at $316,054.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,158 shares of company stock valued at $4,395,582. Company insiders own 2.40% 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.