Globeflex Capital L P Decreases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Globeflex Capital L P trimmed its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,738 shares of the financial services provider’s stock after selling 3,986 shares during the period. Globeflex Capital L P owned about 0.05% of NMI worth $1,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NMIH. Principal Securities Inc. increased its position in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 320 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in NMI by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 376 shares during the last quarter. Atria Investments Inc lifted its stake in NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock valued at $278,000 after buying an additional 422 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of NMI by 1.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 44,032 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 566 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NMIH. JPMorgan Chase & Co. lowered their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. Finally, Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Stock Up 2.1 %

Shares of NMI stock opened at $35.40 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a market capitalization of $2.78 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The business has a 50-day moving average of $36.46 and a two-hundred day moving average of $38.31.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Activity

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

About NMI

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.