Dynamic Technology Lab Private Ltd Purchases New Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Dynamic Technology Lab Private Ltd purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,605 shares of the financial services provider’s stock, valued at approximately $1,137,000.

Several other hedge funds have also recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of NMI during the 2nd quarter worth about $29,000. Quarry LP increased its holdings in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of NMI by 57.2% in 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 in the last quarter. USA Financial Formulas bought a new stake in NMI during the 3rd quarter worth approximately $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in NMI during the 2nd quarter valued at $63,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial increased their target price on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Keefe, Bruyette & Woods upped their price objective on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

NMI Price Performance

Shares of NMI stock opened at $40.00 on Wednesday. NMI Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.49. The business has a fifty day simple moving average of $39.63 and a 200 day simple moving average of $37.39. 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 stock has a market cap of $3.17 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13.

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.