Hillsdale Investment Management Inc. Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Hillsdale Investment Management Inc. increased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 160,916 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in NMI were worth $5,915,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its holdings in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,387 shares during the last quarter. KBC Group NV raised its holdings in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 892 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in NMI by 21.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 846 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in NMI in the 3rd quarter worth approximately $222,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays downgraded shares of 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 report on Monday, January 6th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research report on Monday, February 24th. UBS Group cut their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Insider Buying and Selling

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

NMI Trading Down 0.5 %

Shares of NMIH stock opened at $35.29 on Friday. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a fifty day moving average price of $36.45 and a 200-day moving average price of $38.13. 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 cap of $2.77 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH) last issued 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 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.