NMI Holdings Inc (NMIH) Cut to Sell at BidaskClub
BidaskClub downgraded shares of NMI Holdings Inc (NASDAQ:NMIH) from a hold rating to a sell rating in a research report report published on Friday morning.
A number of other brokerages also recently commented on NMIH. Keefe, Bruyette & Woods downgraded shares of NMI Holdings from an outperform rating to a market perform rating and set a $13.00 price objective for the company. in a research report on Monday, July 17th. Deutsche Bank AG assumed coverage on shares of NMI Holdings in a research report on Wednesday, July 5th. They issued a buy rating and a $14.50 price objective for the company. Finally, Zacks Investment Research downgraded shares of NMI Holdings from a hold rating to a sell rating in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. NMI Holdings currently has an average rating of Hold and a consensus price target of $12.50.
NMI Holdings (NASDAQ:NMIH) traded up 0.42% on Friday, reaching $11.85. 60,888 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $11.48 and its 200-day moving average is $11.24. The firm has a market cap of $708.45 million, a PE ratio of 9.69 and a beta of 0.62. NMI Holdings has a 12 month low of $6.09 and a 12 month high of $12.55.
NMI Holdings (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. NMI Holdings had a net margin of 54.25% and a return on equity of 5.30%. The firm had revenue of $37.05 million during the quarter. On average, equities analysts forecast that NMI Holdings will post $0.56 earnings per share for the current year.
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In related news, Director Regina Muehlhauser bought 10,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of $11.03 per share, for a total transaction of $110,300.00. Following the purchase, the director now owns 21,578 shares in the company, valued at approximately $238,005.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in NMI Holdings by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after buying an additional 800 shares in the last quarter. Two Sigma Securities LLC bought a new stake in NMI Holdings during the first quarter worth about $131,000. Campbell & CO Investment Adviser LLC boosted its stake in NMI Holdings by 54.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 17,869 shares of the financial services provider’s stock worth $205,000 after buying an additional 6,272 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in NMI Holdings during the first quarter worth about $223,000. Finally, Bank of Montreal Can boosted its stake in NMI Holdings by 1,484.7% in the second quarter. Bank of Montreal Can now owns 19,524 shares of the financial services provider’s stock worth $224,000 after buying an additional 18,292 shares in the last quarter. Institutional investors own 80.98% of the company’s stock.
NMI Holdings Company Profile
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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