NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 92.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,069 shares of the financial services provider’s stock after acquiring an additional 18,333 shares during the quarter. Tidal Investments LLC’s holdings in NMI were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC lifted its position in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the last quarter. Algert Global LLC lifted its position in NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after buying an additional 66,880 shares during the last quarter. Edgestream Partners L.P. lifted its position in NMI by 13.1% in the second quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after buying an additional 20,048 shares during the last quarter. Panagora Asset Management Inc. lifted its position in NMI by 5.8% in the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock valued at $17,915,000 after buying an additional 29,040 shares during the last quarter. Finally, Citigroup Inc. lifted its position in NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after buying an additional 63,058 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NMIH. Keefe, Bruyette & Woods upped their target price on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Barclays increased their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

NMI Stock Performance

Shares of NMI stock opened at $37.69 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.92 and a beta of 1.10. NMI Holdings, Inc. has a 52 week low of $28.42 and a 52 week high of $42.49. 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 firm’s 50 day moving average is $39.05 and its two-hundred day moving average is $37.97.

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.