GSA Capital Partners LLP Increases Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

GSA Capital Partners LLP raised its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 486.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,754 shares of the financial services provider's stock after buying an additional 40,435 shares during the period. GSA Capital Partners LLP owned 0.06% of NMI worth $2,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NMIH. GAMMA Investing LLC increased its position in shares of NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of NMI during the 2nd quarter valued at $29,000. Quarry LP grew its holdings in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after buying an additional 493 shares in the last quarter. USA Financial Formulas bought a new stake in shares of NMI during the third quarter valued at about $57,000. Finally, Picton Mahoney Asset Management purchased a new position in NMI during the second quarter valued at approximately $63,000. Institutional investors own 94.12% of the company's stock.

NMI Trading Down 0.9 %

Shares of NASDAQ:NMIH traded down $0.34 on Wednesday, hitting $38.19. 394,397 shares of the company's stock were exchanged, compared to its average volume of 533,085. The business's 50 day simple moving average is $40.14 and its two-hundred day simple moving average is $36.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. NMI Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.49.

Analyst Upgrades and Downgrades

Several research firms recently commented on NMIH. Royal Bank of Canada reduced their target price on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Truist Financial boosted their price target on shares of NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price objective on shares of NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Barclays increased their target price on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Finally, StockNews.com cut NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Three equities 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, NMI has an average rating of "Moderate Buy" and a consensus target price of $43.29.

Insider Buying and Selling

In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company's stock, valued at $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by insiders.

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.