NMI Holdings (NASDAQ:NMIH) offers a variety of mortgage guaranty insurance-related services through its subsidiaries – National Mortgage Insurance Corporation and National Mortgage Reinsurance Inc One. Over the past 12 months, NMI Holdings’ shares have dropped by 18.7%. For the first quarter of 2016, the company’s reported a loss per share of $0.07 in line with estimates, and revenue of $22.2 million, beating the estimates of $19.48.
During the fourth quarter of 2015, the number of funds from our database long NMI Holdings (NASDAQ:NMIH) retreated by five, and 19 investors reported long positions in this stock, versus 24 investors in the previous quarter. Kyle Bass’s Hayman Advisors disclosed the biggest position, valued at $49.9 million, followed by Howard Marks’ Oaktree Capital Management, reported a position worth around $38.4 million. Remaining investors long the stock are John Khoury’s Long Pond Capital, Brian Riano, John Eckerson, Sean Fahey and Albert Marino’s Claren Road Asset Management, and David Warren’s DW Partners.
Among the investors who lost interest in NMI Holdings (NASDAQ:NMIH) and decided to drop their positions were Paul Orlin and Alex Porter’s Amici Capital, which dumped the most valuable position, valued at an estimated $19.8 million in stock, and Alan Howard’s Brevan Howard, which dropped a position worth $2 million.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Hayman Capital Management||0||5,308,700||0||5,308,700||5,308,700||9.0%|
|J Kyle Bass||0||5,308,700||0||5,308,700||5,308,700||9.0%|
|John Brandon Osmon||77,645||0||77,645||0||77,645||0.1%|
Page 1 of 7 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Estimated average burden
hours per response… 10.4
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
NMI HOLDINGS, INC.
Class A Common Stock, par value $0.01 per share
Christopher E. Kirkpatrick, Esq.
Hayman Capital Management, L.P.
2101 Cedar Springs Road, Suite 1400
Dallas, TX 75201
Tel. No.: 214-347-8050
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
– with copies to –
Barry N. Hurwitz
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110
May 9, 2016
(Date of Event which Requires Filing of this Statement)