Centaurus Financial Inc. Buys 1,086 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Centaurus Financial Inc. boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 20.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,497 shares of the financial services provider’s stock after acquiring an additional 1,086 shares during the quarter. Centaurus Financial Inc.’s holdings in NMI were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in NMI by 57.2% during the 3rd 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 last quarter. Opal Wealth Advisors LLC bought a new stake in NMI during the 2nd quarter worth about $29,000. Quarry LP boosted its stake in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. USA Financial Formulas bought a new position in shares of NMI in the 3rd quarter valued at about $57,000. Finally, Picton Mahoney Asset Management bought a new position in shares of NMI in the 2nd quarter valued at about $63,000. Institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

Shares of NMIH stock opened at $40.03 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $3.17 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The company’s 50 day moving average price is $39.60 and its two-hundred day moving average price is $37.41. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49.

Analyst Ratings Changes

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

About NMI

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.