Could Nmi Holdings Class A (NASDAQ:NMIH) Change Direction After Less Shorts?

July 18, 2017 - By Louis Casey

 Could Nmi Holdings Class A (NASDAQ:NMIH) Change Direction After Less Shorts?

Investors sentiment decreased to 1.37 in Q4 2016. Its down 0.39, from 1.76 in 2016Q3. It turned negative, as 12 investors sold NMI Holdings Inc shares while 39 reduced holdings. 34 funds opened positions while 36 raised stakes. 46.23 million shares or 5.18% less from 48.76 million shares in 2016Q3 were reported.
Friess Ltd Liability holds 0.09% or 90,170 shares. Moreover, Bridgeway Capital Management has 0.06% invested in NMI Holdings Inc (NASDAQ:NMIH) for 435,000 shares. Maltese Ltd Liability Corporation holds 0.75% or 784,492 shares in its portfolio. Highbridge Capital Lc holds 126,523 shares or 0.02% of its portfolio. Continental Advsrs Lc has 639,275 shares for 1.85% of their portfolio. Citadel Advsrs Ltd Liability has invested 0% in NMI Holdings Inc (NASDAQ:NMIH). Rothschild Capital Prtn Ltd Liability accumulated 0.76% or 140,833 shares. Schwab Charles Inv Management Incorporated holds 0% or 201,838 shares. Mufg Americas Holding Corporation holds 0% or 190 shares in its portfolio. 1.81M were accumulated by Walthausen & Co Limited Liability. Point72 Asia (Hong Kong) Limited has 2,171 shares for 0.02% of their portfolio. 120,300 were reported by Clough Capital Partners L P. Mutual Of America Cap Management Lc reported 492,201 shares stake. Glendon Capital Management Lp has 2.65% invested in NMI Holdings Inc (NASDAQ:NMIH). Seawolf Ltd Llc holds 3.92% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH) for 177,589 shares.

Since June 9, 2017, it had 1 insider purchase, and 1 sale for $2,158 activity. Jones James G also sold $112,500 worth of NMI Holdings Inc (NASDAQ:NMIH) on Friday, June 9.

The stock of Nmi Holdings Class A (NASDAQ:NMIH) registered a decrease of 18.72% in short interest. NMIH’s total short interest was 914,100 shares in July as published by FINRA. Its down 18.72% from 1.12 million shares, reported previously. With 319,700 shares average volume, it will take short sellers 3 days to cover their NMIH’s short positions. The short interest to Nmi Holdings Class A’s float is 1.75%.

The stock decreased 2.87% or $0.35 during the last trading session, reaching $11.85. About shares traded. NMI Holdings Inc (NASDAQ:NMIH) has risen 78.88% since July 18, 2016 and is uptrending. It has outperformed by 62.18% the S&P500.

NMI Holdings, Inc. provides private mortgage guaranty insurance through its insurance subsidiaries. The company has market cap of $723.28 million. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) well-known provider on loans purchased by the Government-sponsored enterprises (GSEs). It has a 9.37 P/E ratio. The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC.

NMI Holdings Inc (NASDAQ:NMIH) Ratings Coverage

Among 7 analysts covering NMI Holdings (NASDAQ:NMIH), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. NMI Holdings had 10 analyst reports since August 5, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained NMI Holdings Inc (NASDAQ:NMIH) on Friday, February 19 with “Outperform” rating. The firm has “Outperform” rating given on Wednesday, August 5 by JMP Securities. Keefe Bruyette & Woods downgraded it to “Hold” rating and $1300 target in Monday, July 17 report. TheStreet upgraded the stock to “Sell” rating in Tuesday, August 18 report. As per Monday, July 17, the company rating was downgraded by Wood. As per Friday, February 19, the company rating was maintained by Compass Point. The company was maintained on Friday, February 19 by FBR Capital. The stock has “Outperform” rating by FBR Capital on Monday, February 13.

More news for NMI Holdings Inc (NASDAQ:NMIH) were recently published by: Benzinga.com, which released: “NMI Holdings, Inc. to Announce Second Quarter 2017 Financial Results on August …” on April 29, 2017. Benzinga.com‘s article titled: “12 Biggest Mid-Day Losers For Monday” and published on July 17, 2017 is yet another important article.

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