NMI Holdings Inc. (NASDAQ:NMIH) shares shot up 2.6% during trading on Thursday . The stock traded as high as $6.05 and last traded at $6.00, with a volume of 236,906 shares traded. The stock had previously closed at $5.85.

Several research firms have recently commented on NMIH. Zacks Investment Research lowered NMI Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Zelman & Associates upgraded NMI Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. FBR & Co restated a “buy” rating on shares of NMI Holdings in a research report on Wednesday, April 27th. Finally, BTIG Research restated a “buy” rating and set a $10.00 price target on shares of NMI Holdings in a research report on Thursday, May 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. NMI Holdings has an average rating of “Buy” and a consensus target price of $8.30.

The company’s market capitalization is $350.94 million. The stock’s 50-day moving average price is $5.72 and its 200-day moving average price is $5.50.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). Equities research analysts anticipate that NMI Holdings Inc. will post $0.06 EPS for the current year.

In other NMI Holdings news, Director James G. Jones purchased 20,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was bought at an average cost of $5.45 per share, for a total transaction of $109,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Ozanne purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was acquired at an average price of $6.12 per share, with a total value of $30,600.00. Following the completion of the acquisition, the director now directly owns 77,467 shares in the company, valued at approximately $474,098.04. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in NMI Holdings stock. Dimensional Fund Advisors LP raised its stake in shares of NMI Holdings Inc. (NASDAQ:NMIH) by 62.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 612,183 shares of the company’s stock after buying an additional 235,069 shares during the period. Dimensional Fund Advisors LP owned about 1.04% of NMI Holdings worth $4,144,000 as of its most recent filing with the SEC.

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).

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