NMI Holdings Inc. (NASDAQ:NMIH) rose 2% on Tuesday . The company traded as high as $7.25 and last traded at $7.17, with a volume of 405,775 shares changing hands. The stock had previously closed at $7.03.

NMIH has been the subject of a number of recent research reports. Zacks Investment Research lowered NMI Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Zelman & Associates raised NMI Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. FBR & Co reissued a “buy” rating on shares of NMI Holdings in a research note on Wednesday, April 27th. Finally, BTIG Research reissued a “buy” rating and issued a $10.00 target price on shares of NMI Holdings in a research note on Thursday, May 19th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.40.

The stock’s 50-day moving average price is $6.10 and its 200 day moving average price is $5.59. The firm’s market cap is $422.77 million.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $24.79 million. Analysts forecast that NMI Holdings Inc. will post $0.15 earnings per share for the current year.

In other NMI Holdings news, EVP William J. Leatherberry acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $5.34 per share, with a total value of $37,380.00. Following the completion of the acquisition, the executive vice president now directly owns 134,725 shares in the company, valued at approximately $719,431.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Ozanne acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $30,600.00. Following the completion of the acquisition, the director now owns 77,467 shares of the company’s stock, valued at $474,098.04. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 612,183 shares of the company’s stock after buying an additional 235,069 shares during the period. Dimensional Fund Advisors LP owned 1.04% of NMI Holdings worth $4,144,000 at the end of the most recent reporting period.

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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