Y Intercept Hong Kong Ltd Purchases 9,079 Shares of NMI Holdings Inc $NMIH

Y Intercept Hong Kong Ltd increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 50.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,142 shares of the financial services provider’s stock after purchasing an additional 9,079 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NMI were worth $1,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of NMI by 104.2% in the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 798 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of NMI by 90.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,543 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 5,492 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of NMI by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,012 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 6,659 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of NMI by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 462,641 shares of the financial services provider’s stock valued at $16,678,000 after purchasing an additional 10,377 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of NMI by 10.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,076 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 4,133 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NMIH. Barclays restated a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Wall Street Zen downgraded NMI from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods downgraded NMI from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. lowered their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Insider Activity

In other NMI news, Director Steven Scheid sold 19,926 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the transaction, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

NMI Stock Performance

NASDAQ:NMIH opened at $36.79 on Tuesday. The company has a market capitalization of $2.85 billion, a PE ratio of 7.81, a P/E/G ratio of 1.05 and a beta of 0.63. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The company has a 50 day simple moving average of $37.87 and a two-hundred day simple moving average of $38.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74.

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.