Dakota Wealth Management Increases Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Dakota Wealth Management increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,516 shares of the financial services provider’s stock after purchasing an additional 899 shares during the period. Dakota Wealth Management’s holdings in NMI were worth $423,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares during the period. USA Financial Formulas bought a new stake in shares of NMI during the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC boosted its holdings in NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,950 shares during the period. Finally, CWM LLC grew its position in NMI by 32.3% in the 3rd quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 962 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

NASDAQ NMIH opened at $38.05 on Friday. The company has a market cap of $3.01 billion, a PE ratio of 8.71, a P/E/G ratio of 0.89 and a beta of 1.12. The firm’s 50 day moving average price is $37.65 and its 200-day moving average price is $38.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI Holdings, Inc. has a 52-week low of $28.73 and a 52-week high of $42.49.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NMIH. Keefe, Bruyette & Woods decreased their target price on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.