The stock of NMI Holdings Inc (NASDAQ:NMIH) hit a new 52-week high and has $24.27 target or 196.00% above today’s $8.20 share price. The 7 months bullish chart indicates low risk for the $492.45 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $24.27 price target is reached, the company will be worth $965.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 268,971 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has risen 57.70% since March 16, 2016 and is uptrending. It has outperformed by 52.16% the S&P500.
Analysts await NMI Holdings Inc (NASDAQ:NMIH) to report earnings on October, 25. They expect $0.07 EPS, up 187.50% or $0.15 from last year’s $-0.08 per share. NMIH’s profit will be $4.20M for 29.29 P/E if the $0.07 EPS becomes a reality. After $0.03 actual EPS reported by NMI Holdings Inc for the previous quarter, Wall Street now forecasts 133.33% EPS growth.
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. NMI Holdings has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FBR Capital maintained it with “Outperform” rating and $8 target price in Friday, February 19 report. The rating was maintained by Compass Point with “Buy” on Friday, February 19. The firm earned “Outperform” rating on Wednesday, August 5 by JMP Securities. The firm has “Outperform” rating given on Friday, February 19 by Keefe Bruyette & Woods. The stock of NMI Holdings Inc (NASDAQ:NMIH) earned “Sell” rating by TheStreet on Tuesday, August 18.
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.”
Insitutional Activity: The institutional sentiment increased to 2.24 in Q2 2016. Its up 0.51, from 1.73 in 2016Q1. The ratio increased, 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.
The Minnesota-based Waterstone Capital Mgmt Limited Partnership has invested 5.06% in NMI Holdings Inc (NASDAQ:NMIH). Systematic Mngmt Lp has 480,945 shares for 0.04% of their US portfolio. Qs Ltd Company has invested 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Bancorp Of America Corp De last reported 0% of its portfolio in the stock. Comml Bank Of New York Mellon Corp last reported 0% of its portfolio in the stock. Blackrock Advsr Ltd Company holds 0% or 26,243 shares in its portfolio. Northern Trust accumulated 0% or 512,595 shares. Goldman Sachs Group last reported 0% of its portfolio in the stock. Wells Fargo And Mn owns 13,572 shares or 0% of their US portfolio. Walthausen Limited has 1.04% invested in the company for 1.82M shares. Susquehanna Limited Liability Partnership has 23,211 shares for 0% of their US portfolio. Teacher Retirement System Of Texas last reported 6,620 shares in the company. Parametric Associates Limited Company last reported 98,707 shares in the company. The Ontario – Canada-based Ci has invested 0.21% in NMI Holdings Inc (NASDAQ:NMIH). Moreover, Bluecrest Ltd has 0.04% invested in NMI Holdings Inc (NASDAQ:NMIH) for 171,830 shares.
Insider Transactions: Since May 2, 2016, the stock had 6 insider purchases, and 0 insider sales for $326,280 net activity. OZANNE JAMES bought $33,900 worth of NMI Holdings Inc (NASDAQ:NMIH) on Wednesday, August 3. Leatherberry William J had bought 7,000 shares worth $37,380. 20,000 shares were bought by Mathis Patrick L, worth $125,600.
More recent NMI Holdings Inc (NASDAQ:NMIH) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on November 08, 2013. Also Nasdaq.com published the news titled: “Troubled Kyle Bass Reduces Stake in NMI Holdings” on October 15, 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.
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.
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