Hudson Edge Investment Partners Inc. Sells 1,479 Shares of NMI Holdings Inc $NMIH

Hudson Edge Investment Partners Inc. trimmed its position in NMI Holdings Inc (NASDAQ:NMIH) by 5.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,592 shares of the financial services provider’s stock after selling 1,479 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in NMI were worth $995,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in NMI in the 1st quarter worth about $25,000. Maseco LLP bought a new stake in shares of NMI during the second quarter worth about $32,000. Opal Wealth Advisors LLC acquired a new position in shares of NMI in the first quarter valued at approximately $33,000. Neo Ivy Capital Management bought a new position in NMI in the 1st quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in NMI during the 1st quarter worth approximately $48,000. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NMIH. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and upped their price target for the company from $42.00 to $43.00 in a research report on Monday, July 7th. Barclays boosted their price objective on shares of NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Wall Street Zen lowered NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. upped their price target on NMI from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

NMI Price Performance

NMIH stock opened at $37.26 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.08 and a beta of 0.56. The company’s fifty day simple moving average is $38.97 and its 200 day simple moving average is $38.13. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. On average, analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Buying and Selling

In other NMI news, Director Steven Scheid sold 19,926 shares of NMI stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of the sale, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.