Walleye Capital LLC Takes Position in NMI Holdings Inc $NMIH

Walleye Capital LLC bought a new position in NMI Holdings Inc (NASDAQ:NMIH) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 313,939 shares of the financial services provider’s stock, valued at approximately $13,245,000.

Several other large investors have also recently modified their holdings of NMIH. Maseco LLP purchased a new stake in NMI during the 2nd quarter valued at $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NMI during the second quarter worth $36,000. Caitong International Asset Management Co. Ltd bought a new position in NMI during the first quarter valued at $48,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of NMI in the second quarter valued at $49,000. Finally, Quarry LP lifted its holdings in shares of NMI by 89.3% in the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 699 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Trading Down 1.8%

Shares of NMIH opened at $37.50 on Friday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The company has a 50-day moving average of $37.00 and a 200 day moving average of $38.59.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $171.56 million for the quarter, compared to the consensus estimate of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. On average, research analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In related news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of the transaction, the director owned 78,960 shares of the company’s stock, valued at $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NMIH shares. JPMorgan Chase & Co. dropped their price target on shares of NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Finally, Barclays reaffirmed a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.20.

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.