Nebula Research & Development LLC Grows Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Nebula Research & Development LLC grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 288.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,393 shares of the financial services provider's stock after acquiring an additional 21,093 shares during the quarter. Nebula Research & Development LLC's holdings in NMI were worth $1,044,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after purchasing an additional 280,809 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of NMI during the third quarter worth $380,000. World Investment Advisors LLC bought a new stake in NMI in the 3rd quarter valued at $1,059,000. Tidal Investments LLC increased its holdings in NMI by 92.9% during the 3rd quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider's stock worth $1,568,000 after purchasing an additional 18,333 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of NMI by 1.5% in the third quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider's stock valued at $4,024,000 after purchasing an additional 1,442 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares of the company's stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction dated 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 owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NMIH. UBS Group decreased their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays cut NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, NMI has a consensus rating of "Moderate Buy" and an average target price of $42.14.

NMI Price Performance

Shares of NMI stock traded up $1.24 during trading on Friday, reaching $37.62. 198,913 shares of the company's stock were exchanged, compared to its average volume of 546,118. The company has a market cap of $2.94 billion, a P/E ratio of 8.48, a PEG ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm's 50-day moving average price is $34.90 and its 200 day moving average price is $36.80. NMI Holdings, Inc. has a 1-year low of $31.59 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share 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 business had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. During the same quarter in the previous year, the company posted $1.08 EPS. NMI's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.