GSA Capital Partners LLP Has $2.01 Million Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

GSA Capital Partners LLP increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 486.1% during the third quarter, Holdings Channel.com reports. The fund owned 48,754 shares of the financial services provider’s stock after buying an additional 40,435 shares during the period. GSA Capital Partners LLP’s holdings in NMI were worth $2,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of NMI by 57.2% in the third 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 lifted its stake in NMI by 1.6% in the first quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock valued at $715,000 after buying an additional 346 shares during the period. Quarry LP lifted its stake in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares during the period. Federated Hermes Inc. lifted its stake in NMI by 1.8% in the second 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 during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in NMI by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock valued at $255,000 after buying an additional 666 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Royal Bank of Canada dropped their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Truist Financial boosted their price target on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

NMI Trading Up 1.4 %

NASDAQ NMIH opened at $38.53 on Wednesday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.93 and a beta of 1.13. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49. The business has a 50 day moving average price of $40.14 and a 200-day moving average price of $36.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

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.