NMI Holdings Inc (NASDAQ:NMIH) Short Interest Update

NMI Holdings Inc (NASDAQ:NMIH) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,881,526 shares, an increase of 28.0% from the January 15th total of 1,470,060 shares. Based on an average trading volume of 468,790 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.5% of the company’s shares are sold short. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 468,790 shares, the days-to-cover ratio is presently 4.0 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. UBS Group set a $43.00 target price on shares of NMI in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $48.00 in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

NMI Stock Down 3.2%

NASDAQ NMIH traded down $1.30 during trading hours on Monday, reaching $39.65. 440,711 shares of the company traded hands, compared to its average volume of 505,967. The stock has a market capitalization of $3.01 billion, a PE ratio of 8.08, a PEG ratio of 1.10 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI has a 12 month low of $31.90 and a 12 month high of $43.20. The company has a 50 day moving average of $39.69 and a two-hundred day moving average of $38.58.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analysts’ expectations of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same quarter last year, the company posted $1.07 earnings per share. As a group, equities analysts expect that NMI will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional Trading of NMI

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its position in NMI by 154.4% during the 4th quarter. Squarepoint Ops LLC now owns 24,092 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 14,621 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of NMI by 7.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,689 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 674 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of NMI by 219.5% in the 4th quarter. Verition Fund Management LLC now owns 62,760 shares of the financial services provider’s stock worth $2,560,000 after acquiring an additional 43,117 shares during the period. Panagora Asset Management Inc. lifted its position in NMI by 4.5% in the 4th quarter. Panagora Asset Management Inc. now owns 596,249 shares of the financial services provider’s stock valued at $24,321,000 after purchasing an additional 25,639 shares during the last quarter. Finally, Mariner LLC boosted its stake in NMI by 59.2% during the 4th quarter. Mariner LLC now owns 39,111 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 14,546 shares during the period. Institutional investors own 94.12% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.