Insider Sale Alert: NMI Holdings Inc. [NMIH] – Is it Time to sell?


In a filing, NMI Holdings Inc. revealed its Director Jones James G unloaded Company’s shares for reported $21028.0 on Aug 07. In the deal valued at $30.04 per share,700 shares were sold. As a result of this transaction, Jones James G now holds 117,828 shares worth roughly $ 3.31 million.

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Then, Jones James G sold 3,952 shares, generating $115,057 in total proceeds. Upon selling the shares at $29.11, the Director now owns 118,528 shares.

Before that, Montgomery Michael Curry sold 2,776 shares. NMI Holdings Inc. shares valued at $65,842 were divested by the Director at a price of $23.72 per share. As a result of the transaction, Montgomery Michael Curry now holds 61,678 shares, worth roughly $1.73 million.

Barclays downgraded its NMI Holdings Inc. [NMIH] rating to an Equal weight from a an Overweight in a research note published on Tuesday, January 06, 2023; the price target was decreased to $25 from $31. PT values the company’s stock at a premium of -12.44 to its Tuesday closing price.

Price Performance Review of NMIH

On Tuesday, NMI Holdings Inc. [NASDAQ:NMIH] saw its stock fall -2.94% to $28.11. On the same session, the stock had its day’s lowest price of $27.57, but rose to a high of $28.81. Over the last five days, the stock has lost -1.30%. NMI Holdings Inc. shares have risen nearly 34.50% since the year began. Nevertheless, the stocks have risen 39.57% over the past one year. While a 52-week high of $30.14 was reached on 08/07/23, a 52-week low of $19.02 was recorded on 01/06/23. SMA at 50 days reached $27.49, while 200 days put it at $23.88. A total of 0.57 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For NMIH Stock

The 24-hour chart illustrates a support level at 27.52, which if violated will result in even more drops to 26.92. On the upside, there is a resistance level at 28.76. A further resistance level may holdings at 29.40. The Relative Strength Index (RSI) on the 14-day chart is 48.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.27%. Stochastics %K at 48.30% indicates the stock is a holding.

How much short interest is there in NMI Holdings Inc.?

A steep rise in short interest was recorded in NMI Holdings Inc. stocks on Aug 14, 2023, growing by 0.41 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.62 million shares. There was a rise of 40.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.07.

NMI Holdings Inc. [NMIH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 12,540,379 shares, or roughly 15.06% of the outstanding NMIH shares. In other words, the investor’s shares have fallen by -281,382 from its previous 13-F filing of 12821761.0. Additionally, The Vanguard Group, Inc. increased 1.37% of its stake after which the total value it holdings stand at $166,472,185. Over the last quarter, Dimensional Fund Advisors LP purchased 134,116 shares of NMI Holdings Inc., while Macquarie Investment Management B bought 45,646 shares. At present, SSgA Funds Management, Inc. is holding 3,162,435 shares valued at $84.47 million. Van Berkom & Associates, Inc. owned 2,523,698 shares of the company at the time of its most recent 13F filing, worth $67.41 million.


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