Tidal Investments LLC Acquires 18,333 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Tidal Investments LLC increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 92.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,069 shares of the financial services provider's stock after buying an additional 18,333 shares during the period. Tidal Investments LLC's holdings in NMI were worth $1,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC boosted 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 valued at $30,000 after purchasing an additional 265 shares during the period. Quarry LP increased its position 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 acquiring an additional 493 shares during the period. USA Financial Formulas bought a new stake in NMI during the 3rd quarter valued at $57,000. Picton Mahoney Asset Management acquired a new position in NMI during the 2nd quarter worth $63,000. Finally, Farther Finance Advisors LLC raised its stake in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 2,950 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NMIH stock traded up $0.06 during trading hours on Wednesday, hitting $37.75. 26,338 shares of the company's stock were exchanged, compared to its average volume of 524,701. NMI Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $42.49. The stock's 50-day moving average is $38.98 and its 200-day moving average is $38.01. 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 cap of $2.99 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NMIH. StockNews.com lowered NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Barclays raised their price objective on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of NMI from $43.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. Royal Bank of Canada dropped their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NMI has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.

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.