Hudson Edge Investment Partners Inc. Grows Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Hudson Edge Investment Partners Inc. lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 27.3% in the fourth quarter, HoldingsChannel reports. The firm owned 25,568 shares of the financial services provider’s stock after acquiring an additional 5,490 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in NMI were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. lifted its holdings in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after buying an additional 286 shares during the last quarter. KBC Group NV lifted its holdings in NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,950 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after buying an additional 846 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in NMI during the 4th quarter worth about $203,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods decreased their price target on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, UBS Group cut their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.29.

NMI Stock Down 0.9 %

NMIH opened at $34.88 on Friday. The business’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $38.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI Holdings, Inc. has a one year low of $28.82 and a one year high of $42.49. The stock has a market capitalization of $2.74 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current year.

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.