Shares of the company are trading at $14.55 much higher than the 50 day moving average which is $12.78 and impressively higher than the 200 day moving average of $11.70. The 50 day moving average moved up $1.77 and the 200 day average moved up $2.85. NMI Holdings Inc shares had a trading volume of 957K on Tuesday. Trading volume was down 42.13% under the stocks average daily volume.
Traders are feeling more bullish on the company lately if you evaluate the decrease in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -2.28%. Short shares decreased 17,179 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.01% as of October 13.
The following firms have recently changed their position in NMIH. Meeder Asset Management Inc grew its position by buying 1,440 shares an increase of 250.4%. Meeder Asset Management Inc now controls 2,015 shares with a value of $25,000. The value of the position overall is up by 257.1%. As of the end of the quarter Mutual Of America Capital Management LLC had bought a total of 16,350 shares growing its holdings by 2.8%. The value of the investment in NMIH increased from $6,656,000 to $7,411,000 a change of 11.3% for the reporting period.
Strs Ohio bolstered its stake by buying 237,932 shares an increase of 348.9% as of 09/30/2017. Strs Ohio controls 306,132 shares worth $3,796,000. The total value of its holdings increased 386.7%. As of quarter end Nationwide Fund Advisors had acquired 878 shares growing its position 1.1%. The value of the investment in NMI Holdings Inc went from $892,000 to $977,000 a change of $85,000 since the last quarter.
On July 17 the company was changed to “Market Perform” by Keefe Bruyette & Woods down from the previous “Outperform” rating. August 2 investment analysts at Deutsche Bank left the company rating at “Buy” and raised the price expectation from $14.50 to $15.00.
On September 5 the company was upgraded from “Market Perform” to “Outperform” by analysts at Keefe Bruyette & Woods. On October 25 Deutsche Bank left the stock rating at “Buy” and moved up the price target to $16.00 from $15.00.
The most current P/E ratio is 11.58 and the market value is 870.99M. In the last earnings report the EPS was $1.26 and is expected to be $0.51 for the current year with 59,862,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.18 with next year’s EPS projected to be $1.04.
NMI Holdings, Inc. (NMIH), launched on May 19, 2011, provides private mortgage guaranty insurance through its insurance subsidiaries. The Business’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMIH’s subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. The Business’s Primary mortgage insurance provides mortgage default protection on individual loans at specified coverage percentages. Primary insurance may be written on a flow basis, in which loans are insured as loan originations occur in individual, loan-by-loan transactions, or an aggregated basis, in which each loan in a portfolio of loans is individually insured in a single transaction, typically after the loans have been originated. The Company offers both types of primary mortgage insurance products to its customers. As of December 31, 2016, the Company had four premium plans: single, annual, monthly and Monthly Advantage..