NMI Holdings Inc (NASDAQ:NMIH) Short Interest Update

NMI Holdings Inc (NASDAQ:NMIH) was the target of a significant increase in short interest in 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. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 468,790 shares, the short-interest ratio is currently 4.0 days. Based on an average daily trading volume, of 468,790 shares, the short-interest ratio is currently 4.0 days. Approximately 2.5% of the shares of the company are short sold.

Insider Transactions at NMI

In other NMI news, Director Michael J. Embler sold 20,000 shares of NMI 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 sale, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Trading of NMI

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares during the period. Maseco LLP bought a new stake in NMI during the 4th quarter valued at approximately $31,000. IFP Advisors Inc increased its position in NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after buying an additional 521 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 291 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of NMI in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

Shares of NASDAQ:NMIH traded down $1.30 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 P/E/G ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The company’s 50 day moving average is $39.69 and its 200-day moving average is $38.58. NMI has a fifty-two week low of $31.90 and a fifty-two week high of $43.20.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating 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 business had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. During the same quarter last year, the company posted $1.07 EPS. As a group, analysts anticipate that NMI will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NMIH. Keefe, Bruyette & Woods upgraded 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. Barclays raised their target price on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. UBS Group set a $43.00 price objective on shares of NMI in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.