GSA Capital Partners LLP Sells 15,920 Shares of NMI Holdings Inc $NMIH

GSA Capital Partners LLP lessened its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,540 shares of the financial services provider’s stock after selling 15,920 shares during the period. GSA Capital Partners LLP owned approximately 0.08% of NMI worth $2,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NMIH. Harbor Capital Advisors Inc. grew its holdings in NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of NMI in the second quarter valued at about $36,000. Elevation Point Wealth Partners LLC bought a new position in NMI during the second quarter worth about $49,000. Financial Consulate Inc. bought a new position in NMI during the third quarter worth about $55,000. Finally, Nisa Investment Advisors LLC raised its stake in NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director owned 46,046 shares in the company, valued at $1,699,097.40. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

NMI Trading Down 3.2%

NASDAQ NMIH opened at $39.65 on Tuesday. The business’s 50-day moving average price is $39.74 and its two-hundred day moving average price is $38.60. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The firm has a market capitalization of $3.01 billion, a PE ratio of 8.08, a price-to-earnings-growth 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 (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The company had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. During the same period last year, the company earned $1.07 earnings per share. On average, analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several recent analyst reports. UBS Group set a $43.00 target price on shares of NMI in a report on Monday, January 12th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Finally, Barclays increased their target price on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

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.