Penserra Capital Management LLC Makes New $204,000 Investment in NMI Holdings Inc $NMIH

Penserra Capital Management LLC acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 4,842 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in NMIH. Envestnet Asset Management Inc. increased its holdings in shares of NMI by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,076 shares of the financial services provider’s stock worth $1,553,000 after acquiring an additional 4,133 shares during the last quarter. Cerity Partners LLC boosted its position in NMI by 25.2% during the first quarter. Cerity Partners LLC now owns 30,869 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 6,212 shares during the period. Xponance Inc. increased its holdings in shares of NMI by 5.0% in the first quarter. Xponance Inc. now owns 5,917 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 281 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of NMI by 6.0% in the first quarter. New York State Common Retirement Fund now owns 79,513 shares of the financial services provider’s stock valued at $2,866,000 after purchasing an additional 4,500 shares during the last quarter. Finally, CWM LLC raised its position in shares of NMI by 145.5% in the first quarter. CWM LLC now owns 11,167 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 6,618 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on NMIH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Barclays restated a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Insiders Place Their Bets

In other news, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the sale, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

NMI Stock Performance

NASDAQ NMIH opened at $37.57 on Thursday. The firm has a 50-day moving average price of $37.56 and a two-hundred day moving average price of $38.54. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The company has a market capitalization of $2.89 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.17 and a beta of 0.63. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $151.32 million during the quarter, compared to the consensus estimate of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. Analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

About NMI

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.