Zelman & Associates upgraded shares of NMI (NASDAQ:NMIH) from a hold rating to a buy rating in a research note released on Friday morning, The Fly reports.
A number of other equities analysts have also recently issued reports on NMIH. BTIG Research set a $36.00 price objective on shares of NMI and gave the stock a buy rating in a research report on Wednesday, July 31st. Compass Point reissued a buy rating and set a $33.00 price objective (up previously from $30.50) on shares of NMI in a research report on Thursday, May 2nd. SunTrust Banks began coverage on shares of NMI in a research report on Thursday, April 18th. They set a buy rating and a $34.00 price objective on the stock. ValuEngine cut shares of NMI from a buy rating to a hold rating in a research report on Saturday, July 27th. Finally, BidaskClub cut shares of NMI from a buy rating to a hold rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $30.63.
NMIH stock opened at $25.09 on Friday. The company has a market cap of $1.72 billion, a PE ratio of 15.11 and a beta of 1.29. The stock’s 50-day moving average is $27.66. The company has a quick ratio of 0.45, a current ratio of 0.43 and a debt-to-equity ratio of 0.18. NMI has a 1 year low of $15.62 and a 1 year high of $31.34.
In related news, CFO Adam Pollitzer sold 4,092 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $28.05, for a total value of $114,780.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Scheid sold 4,923 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $26.24, for a total transaction of $129,179.52. Following the completion of the sale, the director now owns 58,545 shares in the company, valued at approximately $1,536,220.80. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new stake in shares of NMI in the 1st quarter worth about $38,000. NumerixS Investment Technologies Inc increased its stake in NMI by 994.2% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the financial services provider’s stock valued at $94,000 after buying an additional 3,271 shares during the last quarter. Bremer Bank National Association purchased a new stake in NMI in the 1st quarter valued at about $126,000. First Hawaiian Bank purchased a new stake in NMI in the 1st quarter valued at about $150,000. Finally, Squarepoint Ops LLC purchased a new stake in NMI in the 4th quarter valued at about $197,000. Institutional investors own 90.08% of the company’s stock.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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