13,200 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,200 shares of the financial services provider's stock, valued at approximately $542,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after buying an additional 265 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in NMI in the 2nd quarter valued at about $29,000. Quarry LP lifted its holdings in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. USA Financial Formulas purchased a new position in NMI in the 3rd quarter valued at about $57,000. Finally, Picton Mahoney Asset Management purchased a new position in NMI in the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NMIH. Barclays upped their target price on shares of NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. StockNews.com lowered shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.29.

NMI Stock Up 0.7 %

NASDAQ:NMIH traded up $0.26 during trading hours on Thursday, hitting $39.42. The stock had a trading volume of 433,907 shares, compared to its average volume of 528,904. NMI Holdings, Inc. has a 1-year low of $27.25 and a 1-year high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.12 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The business has a 50 day simple moving average of $39.48 and a two-hundred day simple moving average of $37.63.

NMI Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.