Hayman Capital Management, LP recently stated that they own 6.5% of NMI Holdings Inc. (NASDAQ:NMIH) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, October 13th. The investor owns 3,865,657 shares of the stock valued at $30,306,751. The reporting parties listed on the disclosure included Hayman Capital Management, LP, Hayman Investments, LLC and J Kyle Bass. The disclosure is available through EDGAR at this link.
Several other hedge funds and other institutional investors have also recently modified their holdings of NMIH. Virginia Retirement Systems ET AL purchased a new position in shares of NMI Holdings during the second quarter worth approximately $100,000. Fox Run Management L.L.C. purchased a new position in shares of NMI Holdings during the third quarter worth approximately $107,000. Dynamic Technology Lab Private Ltd raised its position in shares of NMI Holdings by 72.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 21,900 shares of the company’s stock worth $120,000 after buying an additional 9,209 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of NMI Holdings during the second quarter worth approximately $122,000. Finally, BlackRock Advisors LLC raised its position in shares of NMI Holdings by 0.6% in the second quarter. BlackRock Advisors LLC now owns 26,243 shares of the company’s stock worth $144,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Shares of NMI Holdings Inc. (NASDAQ:NMIH) traded down 3.33% on Thursday, hitting $7.84. The stock had a trading volume of 336,423 shares. NMI Holdings Inc. has a 52 week low of $4.19 and a 52 week high of $8.20. The company has a 50-day moving average of $7.81 and a 200 day moving average of $6.38. The company’s market capitalization is $463.56 million.
NMI Holdings (NASDAQ:NMIH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. NMI Holdings had a negative return on equity of 2.80% and a negative net margin of 13.51%. The company had revenue of $29.50 million for the quarter, compared to analyst estimates of $24.79 million. On average, equities research analysts predict that NMI Holdings Inc. will post $0.15 EPS for the current year.
A number of research analysts recently commented on the company. FBR & Co restated a “buy” rating and issued a $9.00 target price on shares of NMI Holdings in a research note on Thursday, August 4th. Zacks Investment Research upgraded NMI Holdings from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods set a $8.50 price objective on NMI Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. TheStreet upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Finally, BTIG Research reiterated a “buy” rating and set a $10.00 price objective on shares of NMI Holdings in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $9.60.
In other news, Director James Ozanne purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $6.78 per share, for a total transaction of $33,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.90% of the company’s stock.
About NMI Holdings
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).
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