NMI Holdings, Inc. (NASDAQ:NMIH) Short Interest Update

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,260,000 shares, a decline of 15.4% from the November 30th total of 1,490,000 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 485,600 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

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

NMI Price Performance

Shares of NMIH stock traded down $0.54 on Friday, hitting $36.72. 470,923 shares of the stock traded hands, compared to its average volume of 527,827. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI has a 52 week low of $28.67 and a 52 week high of $42.49. The firm has a 50 day simple moving average of $38.30 and a two-hundred day simple moving average of $38.23. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.92 and a beta of 1.10.

Institutional Investors Weigh In On NMI

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of NMI by 1.0% during the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock worth $146,857,000 after purchasing an additional 35,351 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in NMI by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider's stock worth $83,457,000 after purchasing an additional 51,194 shares during the period. Assenagon Asset Management S.A. lifted its stake in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock worth $80,009,000 after purchasing an additional 534,818 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of NMI by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider's stock valued at $55,063,000 after purchasing an additional 251,664 shares during the last quarter. Finally, FMR LLC grew its position in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after purchasing an additional 107,771 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Company 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.