NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 27.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,568 shares of the financial services provider’s stock after purchasing an additional 5,490 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in NMI were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NMIH. Principal Securities Inc. increased its holdings in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. KBC Group NV increased its holdings in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 846 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of NMI in the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NMIH. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Keefe, Bruyette & Woods cut their target price on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group cut their target price on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.29.

NMI Trading Down 0.9 %

NMIH opened at $34.88 on Friday. NMI Holdings, Inc. has a 52 week low of $28.82 and a 52 week high of $42.49. The business has a fifty day simple moving average of $36.89 and a 200-day simple moving average of $38.57. The firm has a market cap of $2.74 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.41 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

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

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.