Yousif Capital Management LLC Has $1.10 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Yousif Capital Management LLC trimmed its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,971 shares of the financial services provider’s stock after selling 833 shares during the period. Yousif Capital Management LLC’s holdings in NMI were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings 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 valued at $30,000 after purchasing an additional 265 shares during the last quarter. KBC Group NV boosted its position in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares during the period. Farther Finance Advisors LLC boosted its position in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,950 shares during the period. CWM LLC boosted its position in shares of NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 962 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 846 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Down 0.1 %

Shares of NASDAQ NMIH opened at $35.51 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.92 and a beta of 1.12. NMI Holdings, Inc. has a 12 month low of $28.73 and a 12 month high of $42.49. The stock has a 50-day moving average price of $37.17 and a two-hundred day moving average price of $38.67.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. As a group, analysts forecast that NMI Holdings, Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NMIH. JPMorgan Chase & Co. reduced their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Royal Bank of Canada reduced their target price 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. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.