NMI (NASDAQ:NMIH) posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05, Fidelity Earnings reports. The firm had revenue of $67.45 million for the quarter. NMI had a net margin of 25.23% and a return on equity of 13.46%.
Shares of NMI traded up $0.15, reaching $21.70, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 3,510 shares, compared to its average volume of 522,104. NMI has a 52-week low of $10.10 and a 52-week high of $22.50. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 37.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.
In related news, SVP Julie Norberg sold 3,162 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $16.58, for a total transaction of $52,425.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William J. Leatherberry sold 15,800 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $17.07, for a total transaction of $269,706.00. Following the sale, the executive vice president now owns 147,524 shares of the company’s stock, valued at $2,518,234.68. The disclosure for this sale can be found here. Insiders sold a total of 284,908 shares of company stock valued at $5,245,255 in the last ninety days. 5.70% of the stock is owned by corporate insiders.
NMI Company Profile
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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