Quest Partners LLC Buys 41,371 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Quest Partners LLC lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 284.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,890 shares of the financial services provider’s stock after purchasing an additional 41,371 shares during the quarter. Quest Partners LLC’s holdings in NMI were worth $2,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NMIH. Opal Wealth Advisors LLC bought a new position in shares of NMI during the 2nd quarter worth about $29,000. Quarry LP boosted its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares in the last quarter. USA Financial Formulas bought a new position in shares of NMI during the 3rd quarter worth about $57,000. Finally, Picton Mahoney Asset Management bought a new position in shares of NMI during the 2nd quarter worth about $63,000. Institutional investors own 94.12% of the company’s stock.

NMI Price Performance

NMI stock opened at $37.62 on Monday. The company’s 50 day moving average price is $39.89 and its two-hundred day moving average price is $37.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49. The stock has a market cap of $2.98 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.92 and a beta of 1.13.

Insider Transactions at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on NMIH shares. Truist Financial raised their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

NMI 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.