Royce & Associates LP decreased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 95.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,063 shares of the financial services provider’s stock after selling 162,510 shares during the period. Royce & Associates LP’s holdings in NMI were worth $144,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bremer Trust National Association bought a new position in shares of NMI in the 4th quarter valued at about $80,000. Texas Permanent School Fund grew its holdings in shares of NMI by 4.9% in the 4th quarter. Texas Permanent School Fund now owns 43,387 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 2,014 shares in the last quarter. BlackRock Inc. grew its holdings in shares of NMI by 1.9% in the 4th quarter. BlackRock Inc. now owns 9,522,191 shares of the financial services provider’s stock valued at $169,972,000 after acquiring an additional 182,089 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of NMI by 58.5% in the 4th quarter. First Trust Advisors LP now owns 213,047 shares of the financial services provider’s stock valued at $3,803,000 after acquiring an additional 78,666 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of NMI by 1.0% in the 4th quarter. Prudential Financial Inc. now owns 107,947 shares of the financial services provider’s stock valued at $1,927,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors own 90.52% of the company’s stock.
Shares of NASDAQ:NMIH opened at $25.73 on Friday. NMI Holdings Inc has a 52-week low of $13.35 and a 52-week high of $26.28. The stock has a market capitalization of $1.72 billion, a P/E ratio of 15.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33.
Several equities analysts have recently weighed in on NMIH shares. Zacks Investment Research cut NMI from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. B. Riley raised their price objective on NMI from $23.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, February 14th. Barclays set a $28.00 price objective on NMI and gave the company a “buy” rating in a report on Thursday, February 14th. ValuEngine upgraded NMI from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, BidaskClub upgraded NMI from a “hold” rating to a “buy” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. NMI currently has a consensus rating of “Buy” and an average price target of $25.22.
In other NMI news, Director James Ozanne sold 16,297 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $23.78, for a total transaction of $387,542.66. Following the completion of the sale, the director now directly owns 111,629 shares in the company, valued at $2,654,537.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Scheid sold 13,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $22.45, for a total transaction of $298,585.00. Following the sale, the director now owns 67,491 shares of the company’s stock, valued at $1,515,172.95. The disclosure for this sale can be found here. Insiders sold a total of 340,502 shares of company stock valued at $8,433,377 over the last quarter. 5.70% of the stock is currently owned by company insiders.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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