Dynamic Technology Lab Private Ltd Invests $1.14 Million in NMI Holdings, Inc. (NASDAQ:NMIH)

Dynamic Technology Lab Private Ltd bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,605 shares of the financial services provider's stock, valued at approximately $1,137,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NMIH. Daiwa Securities Group Inc. lifted its holdings in NMI by 77.4% in the third quarter. Daiwa Securities Group Inc. now owns 11,000 shares of the financial services provider's stock valued at $453,000 after buying an additional 4,800 shares during the period. Centaurus Financial Inc. raised its position in shares of NMI by 20.1% during the 3rd quarter. Centaurus Financial Inc. now owns 6,497 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 1,086 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of NMI in the 3rd quarter valued at $514,000. Algert Global LLC boosted its position in shares of NMI by 88.9% in the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider's stock worth $5,855,000 after purchasing an additional 66,880 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of NMI by 11.1% during the third quarter. Cerity Partners LLC now owns 17,828 shares of the financial services provider's stock worth $734,000 after purchasing an additional 1,786 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Up 0.1 %

Shares of NASDAQ NMIH traded up $0.03 during trading hours on Wednesday, hitting $40.03. The company had a trading volume of 296,934 shares, compared to its average volume of 530,496. The stock has a market capitalization of $3.17 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average is $39.63 and its 200-day moving average is $37.39. NMI Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.49.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NMIH. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Truist Financial raised their price objective on NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Finally, Barclays increased their target price on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.29.

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.