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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 265 shares during the period. Quarry LP lifted its position in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. USA Financial Formulas purchased a new stake in NMI in the third quarter worth approximately $57,000. Picton Mahoney Asset Management bought a new position in NMI during the second quarter valued at approximately $63,000. Finally, Farther Finance Advisors LLC raised its stake in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 2,950 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Down 1.4 %

NMIH stock traded down $0.54 during trading on Friday, reaching $36.72. The stock had a trading volume of 470,923 shares, compared to its average volume of 527,827. NMI has a one year low of $28.67 and a one year high of $42.49. The company’s 50 day moving average is $38.30 and its two-hundred day moving average is $38.19. 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 company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.92 and a beta of 1.10.

Wall Street Analyst Weigh In

NMIH has been the subject of several research reports. Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Finally, Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

About NMI

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.