NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Goldentree Asset Management LP

Goldentree Asset Management LP lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 38.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 495,056 shares of the financial services provider's stock after selling 308,852 shares during the quarter. NMI accounts for 1.6% of Goldentree Asset Management LP's holdings, making the stock its 22nd largest holding. Goldentree Asset Management LP owned 0.63% of NMI worth $20,362,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NMIH. Opal Wealth Advisors LLC purchased a new position in shares of NMI during the second quarter worth $29,000. Quarry LP grew its holdings in shares of NMI by 135.1% in the second 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. GAMMA Investing LLC lifted its holdings 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 in the last quarter. USA Financial Formulas purchased a new position in NMI in the 3rd quarter valued at approximately $57,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of NMI in the second quarter worth $63,000. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Performance

NMIH traded down $0.04 on Friday, hitting $39.99. 520,550 shares of the company traded hands, compared to its average volume of 530,499. NMI Holdings, Inc. has a 12-month low of $27.25 and a 12-month high of $42.49. The company has a 50 day moving average of $39.55 and a 200-day moving average of $37.50. 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 stock has a market capitalization of $3.16 billion, a PE ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NMIH. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Royal Bank of Canada reduced 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, Barclays increased their target price on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

About NMI

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.