Kyle Bass, Hayman Advisors Up Their Stake In Nationstar Mortgage Holdings Inc (NSM)

Kyle Bass, the manager of Hayman Advisors, is optimistic about the prospects of Nationstar Mortgage Holdings Inc (NYSE:NSM). According to a recent filing with the Securities and Exchange Commission, Hayman Advisors has increased its holding of the stock by 338% to 4.76 million shares. The current position accounts for 5.3% of the company’s common stock and, given the current price of $32.50 per share, Bass’ stake has an approximate value of $154 million.

Kyle Bass

Michael Novogratz is a huge fan of Nationstar Mortgage Holdings Inc (NYSE:NSM). His fund, Fortress Investment, holds 67.8 million shares worth approximately $2.5 billion, according to its latest 13F report. This position accounts for 38.36% of the fund’s equity portfolio. William B. Gray has also decided to up his fund’s stake in Nationstar Mortgage Holdings during the previous quarter. Orbis Investment Management currently holds 4.6 million shares valued at $172 million.

A provider of non-bank residential mortgage services, Nationstar Mortgage Holdings Inc (NYSE:NSM) has a market cap of $2.83 billion and does not pay a dividend. So far this year, the stock has fallen 11%, as it has entered a downtrend in September 2013. The shares are changing hands at a trailing Price to Earnings (P/E) ratio of 13.xx, significantly lower than the industry average of 33.10. For the three months ending December 31, 2013,  Nationstar Mortgage Holdings Inc (NYSE:NSM) posted revenues of $420 million and a loss per diluted share of $0.56.

Kyle Bass seems to be a fan of financial companies specialized in mortgage products. Among Hayman Advisors’s top positions one can find PennyMac Mortgage Investment Trust (NYSE:PMT), a company that invests in mortgage-related assets, and NMI Holdings Inc (NASDAQ:NMIH), a provider of private mortgage insurance. The hedge fund holds 3.57 million PennyMac shares valued at $81.9 million and approximately 5.5 million shares of NMI Holdings, which are reportedly worth $69.9 million.

Disclosure: none.

Recommended reading:

Broadfin Capital Initiates Stake in Newly Public Recro Pharma Inc (REPH)

Matthew Drapkin Is Appointed to the Board of Comverse Inc (CNSI)

Bill Ackman Exercises Warrants and Buys 4 Mln Platform Specialty Products Corporation (PAH) Shares

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!