Fuller & Thaler Asset Management Inc. Has $6.11 Million Holdings in NMI Holdings Inc (NMIH)
Fuller & Thaler Asset Management Inc. grew its stake in NMI Holdings Inc (NASDAQ:NMIH) by 58.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 492,800 shares of the financial services provider’s stock after buying an additional 182,600 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.82% of NMI Holdings worth $6,111,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. purchased a new stake in shares of NMI Holdings during the third quarter worth about $113,000. Nisa Investment Advisors LLC grew its position in shares of NMI Holdings by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 800 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of NMI Holdings during the third quarter worth about $156,000. Legal & General Group Plc grew its position in shares of NMI Holdings by 8.8% during the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of NMI Holdings during the third quarter worth about $200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.
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NMI Holdings Inc (NASDAQ:NMIH) opened at $16.45 on Friday. The firm has a market capitalization of $987.54, a P/E ratio of 28.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. NMI Holdings Inc has a 1-year low of $8.55 and a 1-year high of $17.08.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $45.79 million. NMI Holdings had a return on equity of 6.95% and a net margin of 51.80%. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. equities research analysts expect that NMI Holdings Inc will post 0.56 earnings per share for the current fiscal year.
In other news, EVP William J. Leatherberry purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Julie Norberg sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the transaction, the vice president now owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
Several analysts recently issued reports on the company. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Deutsche Bank AG cut NMI Holdings from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, November 3rd. B. Riley reiterated a “buy” rating on shares of NMI Holdings in a research report on Monday, November 6th. Finally, ValuEngine upgraded NMI Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. NMI Holdings currently has an average rating of “Buy” and a consensus price target of $15.93.
About NMI Holdings
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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