NMI Holdings Inc (NASDAQ:NMIH) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,730,000 shares, an increase of 20.1% from the December 15th total of 1,440,000 shares. Based on an average daily volume of 493,800 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.6% of the company’s shares are short sold.

NASDAQ:NMIH opened at $32.15 on Wednesday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.37 and a beta of 1.29. NMI has a twelve month low of $19.02 and a twelve month high of $35.79. The stock’s 50 day moving average price is $33.22 and its two-hundred day moving average price is $29.55. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The firm had revenue of $101.59 million for the quarter, compared to analyst estimates of $94.67 million. NMI had a return on equity of 20.63% and a net margin of 44.92%. As a group, analysts anticipate that NMI will post 2.55 earnings per share for the current year.

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.31, for a total transaction of $102,930.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Adam Pollitzer sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.04, for a total value of $157,571.16. Following the transaction, the chief financial officer now owns 170,913 shares in the company, valued at approximately $5,817,878.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 405,301 shares of company stock valued at $13,100,179. Corporate insiders own 4.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in shares of NMI during the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC acquired a new position in shares of NMI during the 3rd quarter worth approximately $27,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of NMI during the 2nd quarter worth approximately $34,000. Point72 Hong Kong Ltd acquired a new position in shares of NMI during the 2nd quarter worth approximately $83,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of NMI during the 2nd quarter worth approximately $94,000. 90.26% of the stock is currently owned by hedge funds and other institutional investors.

NMIH has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “hold” rating and set a $33.00 price objective on shares of NMI in a report on Sunday, November 24th. BidaskClub cut NMI from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. B. Riley boosted their target price on NMI from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, December 6th. ValuEngine cut NMI from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.00.

About NMI

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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