Yousif Capital Management LLC Has $1.10 Million Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Yousif Capital Management LLC lessened its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,971 shares of the financial services provider’s stock after selling 833 shares during the quarter. Yousif Capital Management LLC’s holdings in NMI were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. abrdn plc acquired a new stake in NMI during the 4th quarter valued at approximately $8,122,000. Financial Strategies Group Inc. boosted its holdings in shares of NMI by 29.5% during the 4th quarter. Financial Strategies Group Inc. now owns 15,171 shares of the financial services provider’s stock worth $529,000 after buying an additional 3,460 shares in the last quarter. R Squared Ltd bought a new position in shares of NMI during the 4th quarter worth approximately $203,000. KBC Group NV boosted its holdings in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of NMI by 9.5% during the 4th quarter. Inspire Investing LLC now owns 10,901 shares of the financial services provider’s stock worth $401,000 after buying an additional 948 shares in 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 $35.51 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $37.17 and its two-hundred day simple moving average is $38.67. NMI Holdings, Inc. has a 1-year low of $28.73 and a 1-year high of $42.49. The stock has a market cap of $2.81 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.64%. As a group, analysts forecast that NMI Holdings, Inc. will post 4.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on NMIH. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Barclays cut NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

NMI 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.