111 Capital Acquires New Shares in NMI Holdings Inc $NMIH

111 Capital acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) in the second quarter, according to its most recent filing with the SEC. The fund acquired 5,066 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other hedge funds have also bought and sold shares of the business. Xponance Inc. grew its stake in NMI by 5.0% in the 1st quarter. Xponance Inc. now owns 5,917 shares of the financial services provider’s stock valued at $213,000 after buying an additional 281 shares in the last quarter. Covestor Ltd grew its position in shares of NMI by 15.7% during the 1st quarter. Covestor Ltd now owns 2,190 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of NMI by 5.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 325 shares in the last quarter. Cetera Investment Advisers grew its position in shares of NMI by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 341 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its position in shares of NMI by 5.6% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,493 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 344 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Stock Performance

NASDAQ NMIH opened at $36.04 on Wednesday. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $2.80 billion, a P/E ratio of 7.65, a P/E/G ratio of 1.05 and a beta of 0.56. The company has a fifty day moving average of $38.87 and a 200-day moving average of $38.17.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays restated a “cautious” rating on shares of NMI in a research report on Monday. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $42.00 to $43.00 in a research report on Monday, July 7th. JPMorgan Chase & Co. reduced their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.33.

Insiders Place Their Bets

In other NMI news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction on Monday, September 15th. The shares were 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 of the company’s stock, valued at $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.