NMI (NASDAQ:NMIH) Upgraded by Zelman & Associates to “Buy”

Share on StockTwits

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.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The company had revenue of $91.18 million for the quarter, compared to analysts’ expectations of $85.11 million. NMI had a net margin of 41.31% and a return on equity of 19.65%. As a group, research analysts forecast that NMI will post 2.4 EPS for the current year.

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.

About NMI

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.

See Also: What does a bar chart mean for investors?

The Fly

Analyst Recommendations for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Family Management Corp Acquires 431 Shares of Mcdonald’s Corp
Family Management Corp Acquires 431 Shares of Mcdonald’s Corp
Family Management Corp Increases Stock Holdings in Nuveen Arizona Premium Income Mun Fd
Family Management Corp Increases Stock Holdings in Nuveen Arizona Premium Income Mun Fd
Family Management Corp Has $383,000 Stock Holdings in Invesco Variable Rate Preferred ETF
Family Management Corp Has $383,000 Stock Holdings in Invesco Variable Rate Preferred ETF
Family Management Corp Sells 850 Shares of Bristol-Myers Squibb Co
Family Management Corp Sells 850 Shares of Bristol-Myers Squibb Co
CPV Partners LLC Buys New Holdings in Laureate Education Inc
CPV Partners LLC Buys New Holdings in Laureate Education Inc
Family Management Corp Increases Stake in Blackrock Muniholdings New York Qulty Fd
Family Management Corp Increases Stake in Blackrock Muniholdings New York Qulty Fd


© 2006-2019 Ticker Report