Westfield Capital Management Co. LP Acquires New Stake in NMI Holdings Inc (NMIH)

Westfield Capital Management Co. LP acquired a new position in NMI Holdings Inc (NASDAQ:NMIH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,700 shares of the financial services provider’s stock, valued at approximately $343,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in NMI by 15.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock worth $34,875,000 after purchasing an additional 367,394 shares in the last quarter. Tiedemann Wealth Management LLC purchased a new stake in NMI in the 3rd quarter worth approximately $287,000. Schwab Charles Investment Management Inc. boosted its position in NMI by 11.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 260,892 shares of the financial services provider’s stock worth $3,236,000 after purchasing an additional 27,476 shares in the last quarter. Wells Fargo & Company MN boosted its position in NMI by 25.6% in the 3rd quarter. Wells Fargo & Company MN now owns 776,721 shares of the financial services provider’s stock worth $9,632,000 after purchasing an additional 158,400 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in NMI in the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

In related news, VP Julie Norberg sold 16,600 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now directly owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick L. Mathis sold 10,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by corporate insiders.

NMI Holdings Inc (NMIH) opened at $17.30 on Wednesday. NMI Holdings Inc has a 52-week low of $9.05 and a 52-week high of $17.95. The stock has a market capitalization of $1,062.59, a P/E ratio of 31.05 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24.

NMI (NASDAQ:NMIH) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The firm had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 37.8% on a year-over-year basis. analysts expect that NMI Holdings Inc will post 0.56 earnings per share for the current fiscal year.

Several research firms have commented on NMIH. BidaskClub upgraded NMI from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded NMI from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a research report on Monday. Compass Point lowered NMI from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $13.00 target price on shares of NMI in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NMI has an average rating of “Buy” and a consensus price target of $15.93.

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NMI 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).

Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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