Oxford Asset Management decreased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 49.8% during the first quarter, Holdings Channel reports. The institutional investor owned 21,558 shares of the financial services provider’s stock after selling 21,409 shares during the period. Oxford Asset Management’s holdings in NMI Holdings were worth $246,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of NMI Holdings during the fourth quarter valued at approximately $241,000. Menta Capital LLC boosted its stake in shares of NMI Holdings by 1.0% in the fourth quarter. Menta Capital LLC now owns 26,200 shares of the financial services provider’s stock valued at $279,000 after buying an additional 265 shares in the last quarter. Strs Ohio boosted its stake in shares of NMI Holdings by 26.5% in the first quarter. Strs Ohio now owns 64,400 shares of the financial services provider’s stock valued at $734,000 after buying an additional 13,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of NMI Holdings by 99.0% in the first quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider’s stock valued at $742,000 after buying an additional 32,389 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of NMI Holdings during the first quarter valued at approximately $1,001,000. Institutional investors own 80.96% of the company’s stock.
Shares of NMI Holdings Inc (NMIH) opened at 10.80 on Thursday. The stock’s 50 day moving average is $10.87 and its 200 day moving average is $10.97. The firm has a market cap of $645.68 million, a PE ratio of 8.83 and a beta of 0.64. NMI Holdings Inc has a 12 month low of $5.02 and a 12 month high of $12.55.
NMI Holdings (NASDAQ:NMIH) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $37.05 million for the quarter. NMI Holdings had a net margin of 54.25% and a return on equity of 5.30%. Analysts forecast that NMI Holdings Inc will post $0.56 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. NMI Holdings presently has an average rating of “Buy” and an average target price of $10.88.
In related news, Director Regina Muehlhauser acquired 10,000 shares of NMI Holdings stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of $11.03 per share, with a total value of $110,300.00. Following the transaction, the director now directly owns 21,578 shares in the company, valued at approximately $238,005.34. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.40% 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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