Penserra Capital Management LLC Invests $4.82 Million in NMI Holdings Inc (NMIH)

Penserra Capital Management LLC purchased a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 171,656 shares of the financial services provider’s stock, valued at approximately $4,820,000.

A number of other institutional investors also recently made changes to their positions in NMIH. Bank of New York Mellon Corp grew its holdings in NMI by 7.4% during the third quarter. Bank of New York Mellon Corp now owns 991,912 shares of the financial services provider’s stock worth $22,467,000 after buying an additional 68,482 shares in the last quarter. Teachers Advisors LLC grew its holdings in NMI by 7.8% during the third quarter. Teachers Advisors LLC now owns 123,552 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 8,974 shares in the last quarter. Morgan Stanley grew its holdings in NMI by 314.9% during the third quarter. Morgan Stanley now owns 586,982 shares of the financial services provider’s stock worth $13,294,000 after buying an additional 445,508 shares in the last quarter. Vanguard Group Inc. grew its holdings in NMI by 9.1% during the third quarter. Vanguard Group Inc. now owns 5,439,629 shares of the financial services provider’s stock worth $123,208,000 after buying an additional 455,098 shares in the last quarter. Finally, Federated Investors Inc. PA bought a new stake in NMI during the third quarter worth $4,141,000. Institutional investors and hedge funds own 90.10% of the company’s stock.

In other NMI news, CEO Claudia J. Merkle sold 86,200 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.31, for a total value of $2,095,522.00. Following the completion of the transaction, the chief executive officer now owns 196,356 shares in the company, valued at approximately $4,773,414.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Scheid sold 4,923 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $26.24, for a total value of $129,179.52. Following the completion of the transaction, the director now owns 58,545 shares of the company’s stock, valued at approximately $1,536,220.80. The disclosure for this sale can be found here. Insiders sold a total of 278,976 shares of company stock valued at $7,040,917 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Shares of NASDAQ:NMIH opened at $28.22 on Thursday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.00 and a beta of 1.40. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.19. NMI Holdings Inc has a 1 year low of $15.62 and a 1 year high of $28.85.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $81.11 million during the quarter, compared to the consensus estimate of $78.28 million. NMI had a return on equity of 18.92% and a net margin of 39.95%. On average, equities analysts forecast that NMI Holdings Inc will post 2.31 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. SunTrust Banks assumed coverage on NMI in a report on Thursday, April 18th. They set a “buy” rating and a $34.00 price target for the company. Zelman & Associates downgraded NMI from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub upgraded NMI from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Compass Point reiterated a “buy” rating and set a $33.00 price target (up previously from $30.50) on shares of NMI in a report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.11.

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NMI 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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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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