NMI Holdings Inc (NASDAQ:NMIH) was the target of a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 1,298,138 shares, a decline of 36.1% from the December 15th total of 2,030,527 shares. Based on an average trading volume of 397,191 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.2% of the shares of the company are short sold.

A number of research analysts have recently issued reports on the stock. Deutsche Bank upgraded shares of NMI from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $24.00 in a research note on Monday, January 8th. Zacks Investment Research raised shares of NMI from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, January 9th. BidaskClub downgraded shares of NMI from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine downgraded shares of NMI from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Compass Point boosted their price objective on shares of NMI from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. NMI has an average rating of “Buy” and a consensus price target of $18.36.

In other news, EVP Patrick L. Mathis sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the transaction, the vice president now owns 32,305 shares in the company, valued at $540,462.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,600 shares of company stock worth $714,618. Company insiders own 5.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NMIH. KAMES CAPITAL plc purchased a new stake in shares of NMI in the fourth quarter valued at about $1,734,000. GSA Capital Partners LLP lifted its holdings in shares of NMI by 34.7% in the third quarter. GSA Capital Partners LLP now owns 173,486 shares of the financial services provider’s stock valued at $2,151,000 after purchasing an additional 44,674 shares in the last quarter. Algert Global LLC purchased a new stake in shares of NMI in the third quarter valued at about $179,000. Sterling Capital Management LLC lifted its holdings in shares of NMI by 31.8% in the third quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 7,987 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of NMI by 26.8% in the third quarter. California Public Employees Retirement System now owns 43,606 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 9,206 shares in the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NMI (NASDAQ NMIH) opened at $18.95 on Monday. The company has a market cap of $1,137.63, a PE ratio of 13.54 and a beta of 0.84. NMI has a fifty-two week low of $10.07 and a fifty-two week high of $19.00. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. analysts forecast that NMI will post 0.56 EPS for the current year.

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NMI Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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