Goldentree Asset Management LP Decreases Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Goldentree Asset Management LP decreased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 38.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,056 shares of the financial services provider’s stock after selling 308,852 shares during the period. NMI accounts for about 1.6% of Goldentree Asset Management LP’s holdings, making the stock its 22nd biggest position. Goldentree Asset Management LP owned about 0.63% of NMI worth $20,362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 265 shares during the period. Hancock Whitney Corp boosted its position in NMI by 1.6% during the first quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 346 shares during the period. Quarry LP increased its stake in shares of NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of NMI by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 593 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in NMI by 2.9% in the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 805 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NMIH. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Barclays raised their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, NMI currently has an average rating of “Moderate Buy” and an average target price of $43.29.

NMI Stock Up 0.1 %

Shares of NASDAQ NMIH opened at $40.03 on Friday. The business has a 50-day moving average of $39.57 and a 200-day moving average of $37.43. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.98 and a beta of 1.13. 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 12 month low of $27.00 and a 12 month high of $42.49.

NMI 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.