Trade Report: The NMI Holdings Inc. (NMIH) Given Consensus Rating of “Buy” by Brokerages

The NMI Holdings Inc. (NMIH) Given Consensus Rating of “Buy” by Brokerages

NMI Holdings Inc. (NASDAQ:NMIH) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.75.

A number of equities analysts have recently weighed in on NMIH shares. Zacks Investment Research cut shares of NMI Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. TheStreet raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. FBR & Co reissued a “buy” rating and set a $9.00 price target on shares of NMI Holdings in a research report on Thursday, August 4th. Keefe, Bruyette & Woods set a $8.50 price objective on shares of NMI Holdings and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of NMI Holdings in a research report on Tuesday, August 2nd.

In other NMI Holdings news, Director James Ozanne purchased 5,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $7.92 per share, with a total value of $39,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 16.90% of the company’s stock.

Large investors have recently modified their holdings of the company. CI Investments Inc. boosted its stake in shares of NMI Holdings by 1.0% in the second quarter. CI Investments Inc. now owns 3,186,990 shares of the company’s stock valued at $17,465,000 after buying an additional 31,641 shares during the period. Waterstone Capital Management L.P. boosted its stake in shares of NMI Holdings by 6.0% in the second quarter. Waterstone Capital Management L.P. now owns 1,947,913 shares of the company’s stock valued at $10,675,000 after buying an additional 110,200 shares during the period. Vanguard Group Inc. boosted its stake in shares of NMI Holdings by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,915,770 shares of the company’s stock valued at $10,498,000 after buying an additional 55,503 shares during the period. V3 Capital Management L.P. boosted its stake in shares of NMI Holdings by 47.1% in the first quarter. V3 Capital Management L.P. now owns 1,792,600 shares of the company’s stock valued at $9,053,000 after buying an additional 573,604 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of NMI Holdings by 9.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,545,966 shares of the company’s stock valued at $8,472,000 after buying an additional 127,379 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NMI Holdings (NASDAQ:NMIH) traded up 1.02% during midday trading on Friday, hitting $7.92. The stock had a trading volume of 117,412 shares. The company’s 50 day moving average price is $7.81 and its 200-day moving average price is $6.39. NMI Holdings has a 1-year low of $4.19 and a 1-year high of $8.20. The firm’s market capitalization is $468.29 million.

NMI Holdings (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $24.79 million. NMI Holdings had a negative net margin of 13.51% and a negative return on equity of 2.80%. Equities analysts predict that NMI Holdings will post $0.15 earnings per share for the current year.

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