NMI Holdings Inc (NASDAQ:NMIH) Sees Large Increase in Short Interest

NMI Holdings Inc (NASDAQ:NMIH) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,881,526 shares, a growth of 28.0% from the January 15th total of 1,470,060 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 468,790 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily trading volume, of 468,790 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NMIH shares. JPMorgan Chase & Co. boosted their target price on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and upped their target price for the company from $46.00 to $48.00 in a report on Thursday, December 18th. UBS Group set a $43.00 target price on shares of NMI in a research report on Monday, January 12th. Finally, Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Hedge Funds Weigh In On NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Walleye Capital LLC purchased a new position in shares of NMI during the second quarter valued at approximately $13,245,000. Exchange Traded Concepts LLC purchased a new position in shares of NMI during the 3rd quarter worth $1,926,000. Capital Fund Management S.A. acquired a new stake in shares of NMI during the second quarter worth $1,298,000. Jump Financial LLC grew its position in shares of NMI by 184.6% in the second quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after purchasing an additional 125,401 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in NMI by 219.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after purchasing an additional 59,682 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

Shares of NASDAQ NMIH opened at $40.03 on Wednesday. The stock has a fifty day moving average price of $39.79 and a 200 day moving average price of $38.62. NMI has a 1-year low of $31.90 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $3.04 billion, a PE ratio of 8.15, a P/E/G ratio of 1.10 and a beta of 0.64.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The company had revenue of $180.74 million for the quarter, compared to analysts’ expectations of $180.69 million. During the same period in the previous year, the company posted $1.07 EPS. Sell-side analysts forecast that NMI will post 4.62 EPS for the current year.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.