NMI Hldgs (NASDAQ:NMIH) Price Target & New Coverage by Singular Research

Stock research analysts at Singular Research initiated coverage on shares of Nmi Hldgs (NASDAQ:NMIH) in a research report issued to investors and clients on Monday morning. The broker set Buy rating on the stock. Singular Research’s price target of $16.0 suggests potential of 19.85 % from the stock’s close price.

The initiation is well-received by stock traders, as NASDAQ:NMIH is at the moment trading 0.56% higher at $13.43 as of 8:10 AM New York time. NMI Hldgs’s stock is 0% in the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.00% in the same time.

Institutional Ownership

Hayman Capital Management L.P. had the largest stake with ownership of 4.92M shares as of q2 2015 for 59.14% of the US long stock exposure. Waterstone Capital Management L.P. is another bull as the investment manager who is having 1.93M shares of NMI Hldgs or 8.08% of their US long stock exposure. Also, Claren Road Asset Management Llc have 6.19% of their US long stock exposure invested in the company for 238,309 shares. The California-based fund Old West Investment Management Llc disclosed it had purchased so far a stake worth about 4.87% of the investment manager’s stock portfolio in NMI Hldgs. The California-based fund Glendon Capital Management Lp is also positive about the stock, possessing 879,462 shares or 1.82% of their US long stock exposure.

NMI Hldgs (NASDAQ:NMIH) 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). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC.

NMI Hldgs (NASDAQ:NMIH) traded up 0.56% on 16 October, hitting $13.43. A total of 1.51 million shares of the company’s stock traded hands. This is up from average of 889,251 shares. NMI Hldgs has a 52 week low of $7.50 and a 52 week high of $13.6. The company has a market cap of $803.65 million and a P/E ratio of 10.12.

Get the latest NMI Hldgs (NASDAQ:NMIH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Singular Research Has Started NMI Hldgs (NASDAQ:NMIH) Stock Coverage With a Buy Rating and Price Objective of $16.0 appeared first on Octafinance.