Noteworthy SEC Filing: Why Kyle Bass’s Hayman Capital Management Reported Big Nmi Holdings, Inc Position?

Noteworthy SEC Filing: Why Kyle Bass's Hayman Capital Management Reported Big Nmi Holdings, Inc Position?

The New Kyle Bass’s Hayman Capital Management Holding in Nmi Holdings, Inc

Hayman Capital Management filed with the SEC SC 13D/A form for Nmi Holdings, Inc. The form can be accessed here: 000092963816001757. As reported in Kyle Bass’s Hayman Capital Management’s form, the filler as of late owns 6.5% or 3,865,657 shares of the Finance–company.

Nmi Holdings, Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 11, 2016. We feel this shows Kyle Bass’s Hayman Capital Management’s positive view for the stock. For a hedge fund managing $2.32 billion in assets and having 24+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Kyle Bass’s Hayman Capital Management’s US equities portfolio is in this sector.

Nmi Holdings, Inc Institutional Sentiment

Latest Security and Exchange filings show 93 investors own Nmi Holdings, Inc. The institutional ownership in Q3 2015 is high, at 80.08% of the outstanding shares. This is increased by 1408049 the total institutional shares. 47352582 were the shares owned by these institutional investors. In total 20 funds opened new Nmi Holdings, Inc stakes, 44 increased stakes. There were 9 that closed positions and 19 reduced them.

6 managers had the stock in their top Ten. Notable investors are: Claren Road Asset Management Llc, Hayman Capital Management L.P., Waterstone Capital Management L.P., V3 Capital Management L.P…

Glendon Capital Management Lp is an institutional investor bullish on Nmi Holdings, Inc, owning 848647 shares as of Q3 2015 for 3.35% of its portfolio. Old West Investment Management Llc owns 721185 shares or 4.17% of its portfolio. NY Claren Road Asset Management Llc have 39.61% of their stock portfolio for 3000000 shares. Further, Marathon Asset Management Lp reported stake worth 3.92% of its US stock portfolio. The TX Hayman Capital Management Lp owns 7371500 shares. Nmi Holdings, Inc is 25.86% of the manager’s US portfolio.

Business Profile

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)). The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One, provides reinsurance to NMIC on certain loans insured by NMIC. MI protects mortgage lenders from default-related losses on residential mortgage loans made to home buyers making down payments of less than 20% of the home’s purchase price. The Company originates primary mortgage insurance coverage through its delegated and non-delegated underwriting programs. Its residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs and on low down payment loans held by portfolio lenders.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Kyle Bass’s Hayman Capital Management website.

Insitutional Activity: The institutional sentiment increased to 2.24 in Q2 2016. Its up 0.51, from 1.73 in 2016Q1. The ratio improved, as 10 funds sold all NMI Holdings Inc shares owned while 19 reduced positions. 23 funds bought stakes while 42 increased positions. They now own 47.33 million shares or 0.52% less from 47.58 million shares in 2016Q1.

Natl Bank Of Montreal Can holds 1,232 shares or 0% of its portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Blackrock last reported 0% of its portfolio in the stock. Bluecrest Cap Mngmt Ltd accumulated 0.04% or 171,830 shares. Deere Co holds 0.03% or 99,241 shares in its portfolio. Private Mngmt Grp Inc has invested 0.48% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Panagora Asset Mgmt holds 22,287 shares or 0% of its portfolio. Springbok Cap Management Limited Liability Corp, a New York-based fund reported 9,000 shares. Walleye Trading Ltd Liability Com has 5,900 shares for 0% of their US portfolio. Moreover, Dupont Capital Mgmt has 0.02% invested in NMI Holdings Inc (NASDAQ:NMIH) for 195,833 shares. Art Advsrs Ltd Limited Liability Company accumulated 0.02% or 65,891 shares. Moreover, Bridgeway Cap Management has 0.04% invested in NMI Holdings Inc (NASDAQ:NMIH) for 435,000 shares. Ci Invests holds 3.19M shares or 0.21% of its portfolio. Moreover, Cubist Systematic Strategies Limited Liability Company has 0.01% invested in NMI Holdings Inc (NASDAQ:NMIH) for 36,744 shares. Legal And General Group Inc Public Limited Com has invested 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH).

Insider Transactions: Since May 2, 2016, the stock had 6 insider buys, and 0 sales for $326,280 net activity. On Friday, August 26 the insider OZANNE JAMES bought $39,600. $125,600 worth of NMI Holdings Inc (NASDAQ:NMIH) shares were bought by Mathis Patrick L. Shares for $37,380 were bought by Leatherberry William J.

Analysts await NMI Holdings Inc (NASDAQ:NMIH) to report earnings on October, 25. They expect $0.07 earnings per share, up 187.50% or $0.15 from last year’s $-0.08 per share. NMIH’s profit will be $4.13M for 28.00 P/E if the $0.07 EPS becomes a reality. After $0.03 actual earnings per share reported by NMI Holdings Inc for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

The stock decreased 3.33% or $0.27 during the last trading session, hitting $7.84. About 336,423 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has risen 64.50% since March 10, 2016 and is uptrending. It has outperformed by 56.98% the S&P500.

NMI Holdings, Inc. provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The company has a market cap of $462.42 million. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI well-known provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)). It currently has negative earnings. The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One, provides reinsurance to NMIC on certain loans insured by NMIC.

NMI Holdings Inc (NASDAQ:NMIH) Ratings Coverage

Out of 5 analysts covering NMI Holdings (NASDAQ:NMIH), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10 is the highest target while $7 is the lowest. The $8.50 average target is 8.42% above today’s ($7.84) stock price. NMI Holdings has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of NMI Holdings Inc (NASDAQ:NMIH) has “Outperform” rating given on Friday, February 19 by FBR Capital. Keefe Bruyette & Woods maintained NMI Holdings Inc (NASDAQ:NMIH) rating on Friday, February 19. Keefe Bruyette & Woods has “Outperform” rating and $7 price target. The stock of NMI Holdings Inc (NASDAQ:NMIH) earned “Outperform” rating by JMP Securities on Wednesday, August 5. The stock of NMI Holdings Inc (NASDAQ:NMIH) has “Buy” rating given on Friday, February 19 by Compass Point. On Tuesday, August 18 the stock rating was upgraded by TheStreet to “Sell”.

More recent NMI Holdings Inc (NASDAQ:NMIH) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on November 08, 2013. Also Finance.Yahoo.com published the news titled: “NMI Holdings, Inc. Reports Second Quarter Net Income of $2 Million, Enters …” on August 02, 2016. Prnewswire.com‘s news article titled: “NMI Holdings, Inc. Enters Into $150 Million Senior Secured Term Loan B to Fund …” with publication date: November 10, 2015 was also an interesting one.

According to Zacks Investment Research, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California.”

NMIH Company Profile

NMI Holdings, Inc. (NMIH), incorporated on May 19, 2011, provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI well-known provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises (GSEs)). The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. MI protects mortgage lenders from default-related losses on residential mortgage loans made to home buyers making down payments of less than 20% of the home’s purchase price. MI also enables the sale of mortgage loans in the secondary mortgage market, which are primarily sold to the GSEs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment