NMI Holdings Inc. (NMIH) Sees Strong Trading Volume
NMI Holdings Inc. (NASDAQ:NMIH) shares saw an uptick in trading volume on Tuesday . 493,485 shares were traded during trading, an increase of 20% from the previous session’s volume of 411,134 shares.The stock last traded at $7.98 and had previously closed at $8.05.
A number of equities analysts have issued reports on the company. TheStreet raised NMI Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Zacks Investment Research raised NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $8.00 target price for the company in a report on Saturday, August 6th. FBR & Co reaffirmed a “buy” rating and issued a $9.00 target price on shares of NMI Holdings in a report on Thursday, August 4th. Keefe, Bruyette & Woods set a $8.50 target price on NMI Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $10.00 target price on shares of NMI Holdings in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.40.
The company’s market cap is $472.43 million. The company’s 50 day moving average price is $6.76 and its 200-day moving average price is $5.81.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The company earned $29.50 million during the quarter, compared to analysts’ expectations of $24.79 million. Equities research analysts expect that NMI Holdings Inc. will post $0.15 earnings per share for the current fiscal year.
In other NMI Holdings news, EVP William J. Leatherberry purchased 7,000 shares of NMI Holdings stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of $5.34 per share, for a total transaction of $37,380.00. Following the acquisition, the executive vice president now directly owns 134,725 shares in the company, valued at $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 G. Jones purchased 20,000 shares of NMI Holdings stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average price of $5.45 per share, for a total transaction of $109,000.00. The disclosure for this purchase can be found here.
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)).