Twinbeech Capital LP Has $258,000 Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Twinbeech Capital LP reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 90.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,016 shares of the financial services provider’s stock after selling 68,633 shares during the period. Twinbeech Capital LP’s holdings in NMI were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. grew its stake in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,387 shares during the period. Covestor Ltd grew its stake in shares of NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,623 shares during the period. Sterling Capital Management LLC grew its stake in shares of NMI by 786.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 2,036 shares during the period. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price objective on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, Compass Point lifted their target price on NMI from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, NMI has an average rating of “Moderate Buy” and an average price target of $42.29.

Insiders Place Their Bets

In other news, CEO Adam Pollitzer sold 57,166 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares in the company, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the completion of the transaction, the director now owns 66,068 shares of the company’s stock, valued at $2,513,887.40. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,152 shares of company stock worth $4,075,617 over the last three months. Insiders own 3.00% of the company’s stock.

NMI Price Performance

NMI stock opened at $37.96 on Friday. NMI Holdings, Inc. has a 12 month low of $31.60 and a 12 month high of $42.49. The stock’s 50 day moving average is $35.70 and its 200-day moving average is $36.65. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million during the quarter, compared to analysts’ expectations of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. Equities research analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.