NMI Holdings Inc. (NMIH) Downgraded to Hold at Zacks Investment Research
According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “
A number of other brokerages also recently commented on NMIH. BTIG Research reaffirmed a buy rating and set a $10.00 target price on shares of NMI Holdings in a research note on Tuesday, August 2nd. TheStreet raised shares of NMI Holdings from a sell rating to a hold rating in a research note on Friday, August 12th. Keefe, Bruyette & Woods set a $8.50 target price on shares of NMI Holdings and gave the stock a buy rating in a research note on Wednesday, August 3rd. Finally, FBR & Co reaffirmed an outperform rating on shares of NMI Holdings in a research note on Friday, September 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $9.40.
NMI Holdings (NASDAQ:NMIH) traded down 1.505% during trading on Wednesday, hitting $7.525. 48,781 shares of the stock were exchanged. NMI Holdings has a 12 month low of $4.19 and a 12 month high of $8.23. The stock’s 50 day moving average price is $7.75 and its 200 day moving average price is $6.29. The stock’s market cap is $444.94 million.
NMI Holdings (NASDAQ:NMIH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. NMI Holdings had a negative net margin of 13.51% and a negative return on equity of 2.80%. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $24.79 million. Analysts forecast that NMI Holdings will post $0.15 EPS for the current fiscal year.
In other NMI Holdings news, Director James Ozanne bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $6.78 per share, with a total value of $33,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.90% of the company’s stock.
A number of large investors have recently made changes to their positions in NMIH. Oxford Asset Management acquired a new stake in shares of NMI Holdings during the second quarter valued at $674,000. Airain ltd acquired a new stake in shares of NMI Holdings during the second quarter valued at $210,000. CI Investments Inc. increased its stake in shares of NMI Holdings by 1.0% in the second quarter. CI Investments Inc. now owns 3,186,990 shares of the company’s stock valued at $17,465,000 after buying an additional 31,641 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of NMI Holdings during the second quarter valued at $704,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of NMI Holdings during the second quarter valued at $2,193,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
NMI Holdings Company Profile
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).
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