GSA Capital Partners LLP Has $2.01 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

GSA Capital Partners LLP raised its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 486.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,754 shares of the financial services provider’s stock after purchasing an additional 40,435 shares during the quarter. GSA Capital Partners LLP owned approximately 0.06% of NMI worth $2,008,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NMIH. Allspring Global Investments Holdings LLC lifted its holdings in NMI by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 666 shares during the last quarter. Texas Permanent School Fund Corp increased its position in NMI by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 70,961 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 919 shares during the period. SG Americas Securities LLC increased its position in NMI by 101.1% during the 1st quarter. SG Americas Securities LLC now owns 10,003 shares of the financial services provider’s stock worth $323,000 after buying an additional 5,028 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in NMI during the 1st quarter worth $532,000. Finally, US Bancorp DE increased its position in NMI by 12.0% during the 1st quarter. US Bancorp DE now owns 17,194 shares of the financial services provider’s stock worth $556,000 after buying an additional 1,845 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Performance

NMI stock opened at $38.53 on Wednesday. The business’s 50-day moving average price is $40.14 and its two-hundred day moving average price is $36.94. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49. The stock has a market cap of $3.05 billion, a PE ratio of 8.82, a P/E/G ratio of 0.93 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NMIH shares. Truist Financial increased their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price objective on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.29.

Insider Activity

In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

NMI Company 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.