Ellis Investment Partners LLC Has $2.97 Million Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Ellis Investment Partners LLC trimmed its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,856 shares of the financial services provider’s stock after selling 3,922 shares during the period. Ellis Investment Partners LLC owned approximately 0.11% of NMI worth $2,971,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new stake in shares of NMI during the fourth quarter valued at approximately $27,000. TFO Wealth Partners LLC lifted its holdings in shares of NMI by 24,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of NMI during the 4th quarter valued at about $145,000. Quadrant Capital Group LLC increased its stake in NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 350 shares during the period. Finally, Inceptionr LLC acquired a new position in NMI in the fourth quarter worth about $217,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NMIH shares. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Keefe, Bruyette & Woods increased their price target on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Compass Point lifted their price objective on NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Truist Financial lifted their price target on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, UBS Group lowered shares of NMI from a “buy” rating to a “neutral” rating and raised their price target for the company from $37.00 to $39.00 in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.56.

NMI Price Performance

NASDAQ NMIH opened at $33.09 on Thursday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.14 and a beta of 1.08. NMI Holdings, Inc. has a 52-week low of $24.83 and a 52-week high of $34.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50 day simple moving average of $32.56 and a 200 day simple moving average of $30.97.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a return on equity of 18.09% and a net margin of 56.26%. The company had revenue of $156.25 million for the quarter, compared to analyst estimates of $133.76 million. During the same period in the previous year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that NMI Holdings, Inc. will post 4.24 earnings per share for the current fiscal year.

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.