Taika Capital LP Invests $4.07 Million in NMI Holdings, Inc. (NASDAQ:NMIH)

Taika Capital LP acquired a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 98,846 shares of the financial services provider's stock, valued at approximately $4,071,000. NMI comprises 3.1% of Taika Capital LP's portfolio, making the stock its 17th largest holding. Taika Capital LP owned approximately 0.12% of NMI as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock worth $146,857,000 after acquiring an additional 35,351 shares in the last quarter. Petrus Trust Company LTA lifted its stake in NMI by 46.5% during the 3rd quarter. Petrus Trust Company LTA now owns 14,014 shares of the financial services provider's stock valued at $577,000 after acquiring an additional 4,447 shares during the period. Point72 DIFC Ltd purchased a new position in shares of NMI during the 3rd quarter valued at approximately $720,000. Point72 Asset Management L.P. increased its holdings in shares of NMI by 42.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 6,200 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 1,861 shares in the last quarter. Finally, Centiva Capital LP grew its holdings in shares of NMI by 222.0% during the third quarter. Centiva Capital LP now owns 24,882 shares of the financial services provider's stock worth $1,025,000 after buying an additional 17,154 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Stock Performance

NMIH traded down $0.29 during trading on Friday, reaching $39.13. 109,737 shares of the company were exchanged, compared to its average volume of 527,100. The stock has a market cap of $3.10 billion, a P/E ratio of 9.02, a PEG ratio of 0.98 and a beta of 1.10. The firm has a 50 day moving average of $39.45 and a 200 day moving average of $37.64. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52 week low of $27.25 and a 52 week high of $42.49.

Analysts Set New Price Targets

NMIH has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, October 7th. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Finally, Barclays raised 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.29.

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.