12,502 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,502 shares of the financial services provider's stock, valued at approximately $514,000.

Several other large investors also recently bought and sold shares of NMIH. GAMMA Investing LLC grew its stake in NMI by 57.2% in the 3rd 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 purchased a new stake in shares of NMI during the second quarter worth about $29,000. Quarry LP raised its position 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 buying an additional 493 shares during the last quarter. USA Financial Formulas purchased a new position in shares of NMI during the third quarter valued at approximately $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in NMI during the second quarter worth approximately $63,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on 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 stock an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their price target 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, Truist Financial boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, NMI currently has an average rating of "Moderate Buy" and a consensus target price of $43.29.

NMI Stock Performance

NMIH stock traded up $0.03 during midday trading on Thursday, reaching $40.03. The company had a trading volume of 307,695 shares, compared to its average volume of 530,543. The firm has a market capitalization of $3.17 billion, a PE ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 1.13. NMI Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.49. 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 50 day moving average price of $39.60 and a 200 day moving average price of $37.41.

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.