Company shares are trading at $14.40 which is quite a bit above the 50 day moving average of $12.14 and well above the 200 day moving average of $11.60. The 50 day moving average was up $2.26 whereas the 200 day average was up by +24.18%. Trading volume for NMI Holdings Inc was 1,526K on Tuesday. Shares saw a steep increase in trading volume of 394.53% over the normal average daily volume.
Investors are feeling more bullish on NMI Holdings Inc lately as inferred by the decrease in short interest. The firm saw a fall in short interest of -7.19% between September 15, 2017 and September 29, 2017. Short shares fell 58,252 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
NMI Holdings Inc (NASDAQ:NMIH) has been the object of insider selling activity recently. Bradley M. Shuster, CEO let go of $1,053,771 worth of shares at a price of $11.81 on August 4th. The CEO now owns $1,898,729 of the stock per an SEC filing yesterday.
These firms have modified their investment in NMIH. Baird Financial Group, Inc. divested its holdings by selling 24,448 shares a decrease of 5.2% as of 06/30/2017. Baird Financial Group, Inc. now holds 448,091 shares valued at $5,131,000. The total value of its holdings decreased 4.8%. As of quarter end Bank Of Montreal /can/ had disposed of 8,833 shares trimming its stake by 96.6%. The value of the investment in NMI Holdings Inc decreased from $105,000 to $4,000 a change of $101,000 for the reporting period.
Meeder Asset Management Inc bolstered its position by buying 1,440 shares an increase of 250.4% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc controls 2,015 shares worth $25,000. The value of the position overall is up by 257.1%. As of the end of the quarter Mutual Of America Capital Management LLC had bought a total of 16,350 shares growing its holdings by 2.8%. The value of the investment in NMIH went from $6,656,000 to $7,411,000 a change of 11.3% since the last quarter.
Deutsche Bank began coverage of NMIH setting a rating of “Buy”. On July 17 the company was set at “Market Perform” in a report from Keefe Bruyette & Woods a cut from the previous “Outperform” rating.
August 2 investment analysts at Deutsche Bank left the stock rating at “Buy” but raised the price expectation from $14.50 to $15.00. On September 5 the stock rating was upgraded to “Outperform” from “Market Perform” by analysts at Keefe Bruyette & Woods.
The company’s P/E ratio is 11.46 and the market cap of the company is 862.01M. In the latest earnings report the EPS was $1.26 and is projected to be $0.51 for the current year with 59,862,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.18 with next year’s EPS projected to be $1.04.
NMI Holdings, Inc. (NMIH), launched on May 19, 2011, provides private mortgage guaranty insurance through its insurance subsidiaries. The Business’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMIH’s subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. The Business’s Primary mortgage insurance provides mortgage default protection on individual loans at specified coverage percentages. Primary insurance may be written on a flow basis, in which loans are insured as loan originations occur in individual, loan-by-loan transactions, or an aggregated basis, in which each loan in a portfolio of loans is individually insured in a single transaction, typically after the loans have been originated. The Company offers both types of primary mortgage insurance products to its customers. As of December 31, 2016, the Company had four premium plans: single, annual, monthly and Monthly Advantage..