Goldentree Asset Management LP Lowers Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Goldentree Asset Management LP reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 38.4% in the third quarter, Holdings Channel.com reports. The firm owned 495,056 shares of the financial services provider’s stock after selling 308,852 shares during the quarter. NMI makes up 1.6% of Goldentree Asset Management LP’s holdings, making the stock its 22nd biggest holding. Goldentree Asset Management LP’s holdings in NMI were worth $20,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in NMI in the second quarter worth approximately $29,000. Quarry LP lifted its holdings in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 493 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $30,000 after purchasing an additional 265 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of NMI in the 3rd quarter valued at $57,000. Finally, Picton Mahoney Asset Management purchased a new position in NMI in the 2nd quarter worth $63,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NMIH. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada cut their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

NMI Stock Up 0.1 %

NASDAQ NMIH opened at $40.03 on Friday. The stock has a market cap of $3.17 billion, a PE ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 1.13. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.49. The stock’s 50 day moving average is $39.57 and its 200 day moving average is $37.43.

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.