NMI Holdings Inc (NASDAQ:NMIH) Position Increased by WINTON GROUP Ltd
WINTON GROUP Ltd raised its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,778 shares of the financial services provider’s stock after buying an additional 1,324 shares during the period. WINTON GROUP Ltd’s holdings in NMI were worth $675,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in NMI in the 1st quarter worth approximately $38,000. FMR LLC lifted its position in NMI by 44.8% in the 1st quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock worth $64,702,000 after buying an additional 773,781 shares in the last quarter. AJ Wealth Strategies LLC lifted its position in NMI by 7.5% in the 1st quarter. AJ Wealth Strategies LLC now owns 88,155 shares of the financial services provider’s stock worth $2,281,000 after buying an additional 6,159 shares in the last quarter. Qtron Investments LLC purchased a new stake in NMI in the 1st quarter worth approximately $479,000. Finally, EAM Global Investors LLC purchased a new stake in NMI in the 1st quarter worth approximately $2,079,000. Hedge funds and other institutional investors own 90.16% of the company’s stock.
Shares of NMI stock traded up $0.15 during midday trading on Tuesday, reaching $25.35. 138,086 shares of the company’s stock traded hands, compared to its average volume of 542,178. The stock has a market capitalization of $1.66 billion, a P/E ratio of 15.27 and a beta of 1.32. The firm has a 50 day moving average of $28.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.45. NMI Holdings Inc has a 52 week low of $15.62 and a 52 week high of $31.34.
A number of equities research analysts have issued reports on the stock. Compass Point upgraded shares of Randolph Bancorp from a “sell” rating to a “neutral” rating in a research report on Thursday, May 2nd. Zelman & Associates downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley set a $20.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine upgraded shares of Zimmer Biomet from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.56.
In related news, Director Steven Scheid sold 4,923 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $26.24, for a total value of $129,179.52. Following the transaction, the director now directly owns 58,545 shares in the company, valued at approximately $1,536,220.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Adam Pollitzer sold 4,092 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $28.05, for a total transaction of $114,780.60. The disclosure for this sale can be found here. Insiders sold a total of 14,015 shares of company stock worth $382,760 over the last quarter. 4.20% of the stock is currently owned by company insiders.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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