Dynamic Technology Lab Private Ltd Cuts Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Dynamic Technology Lab Private Ltd trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 75.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,810 shares of the financial services provider's stock after selling 20,795 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in NMI were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NMIH. Principal Securities Inc. increased its stake in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC increased its position in NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,387 shares during the period. KBC Group NV increased its holdings in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 892 shares during the period. R Squared Ltd acquired a new position in NMI in the 4th quarter valued at $203,000. Finally, AXQ Capital LP purchased a new stake in shares of NMI in the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Price Performance

NASDAQ NMIH traded down $0.08 during trading hours on Tuesday, reaching $34.27. The company's stock had a trading volume of 197,269 shares, compared to its average volume of 522,162. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The stock has a market cap of $2.68 billion, a PE ratio of 7.74, a PEG ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company's 50-day moving average is $35.39 and its two-hundred day moving average is $37.37.

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NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.14.

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.