Private Management Group Inc. Lowers Stake in NMI Holdings Inc (NMIH)

Private Management Group Inc. reduced its position in NMI Holdings Inc (NASDAQ:NMIH) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,230,976 shares of the financial services provider’s stock after selling 143,789 shares during the period. Private Management Group Inc. owned 2.08% of NMI Holdings worth $14,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of NMI Holdings by 33.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,217,700 shares of the financial services provider’s stock worth $23,619,000 after buying an additional 551,800 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of NMI Holdings during the fourth quarter worth about $241,000. Teza Capital Management LLC bought a new stake in shares of NMI Holdings during the fourth quarter worth about $287,000. Dimensional Fund Advisors LP increased its stake in shares of NMI Holdings by 43.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,637,267 shares of the financial services provider’s stock worth $17,437,000 after buying an additional 497,745 shares in the last quarter. Finally, State Street Corp increased its stake in shares of NMI Holdings by 2.1% in the fourth quarter. State Street Corp now owns 916,665 shares of the financial services provider’s stock worth $9,761,000 after buying an additional 19,024 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

NMI Holdings Inc (NASDAQ NMIH) remained flat at $10.95 during mid-day trading on Friday. The company’s stock had a trading volume of 527,214 shares. The firm has a market capitalization of $654.65 million, a P/E ratio of 8.95 and a beta of 0.64. NMI Holdings Inc has a 12-month low of $5.02 and a 12-month high of $12.55. The company has a 50 day moving average price of $10.90 and a 200-day moving average price of $10.90.

NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $37.05 million for the quarter. NMI Holdings had a return on equity of 5.30% and a net margin of 54.25%. Equities research analysts predict that NMI Holdings Inc will post $0.57 EPS for the current fiscal year.

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Several analysts have recently weighed in on the company. TheStreet upgraded NMI Holdings from a “c+” rating to a “b-” rating in a research report on Thursday, February 16th. Zacks Investment Research upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.88.

In other NMI Holdings news, Director Regina Muehlhauser purchased 10,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $11.03 per share, for a total transaction of $110,300.00. Following the acquisition, the director now owns 21,578 shares in the company, valued at approximately $238,005.34. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.40% of the company’s stock.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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