GSA Capital Partners LLP Increases Stake in MBIA Inc. (NYSE:MBI)

GSA Capital Partners LLP lifted its holdings in shares of MBIA Inc. (NYSE:MBI - Free Report) by 321.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 316,234 shares of the insurance provider's stock after acquiring an additional 241,116 shares during the period. GSA Capital Partners LLP owned approximately 0.62% of MBIA worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in MBIA in the 1st quarter valued at about $1,105,000. TCW Group Inc. purchased a new stake in shares of MBIA during the 2nd quarter worth approximately $1,435,000. Vanguard Group Inc. raised its holdings in shares of MBIA by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,387,073 shares of the insurance provider's stock worth $16,137,000 after purchasing an additional 39,767 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in MBIA by 19.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider's stock valued at $106,000 after purchasing an additional 2,587 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in MBIA by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 430,963 shares of the insurance provider's stock valued at $2,366,000 after acquiring an additional 36,691 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their target price on shares of MBIA from $7.00 to $4.50 and set a "neutral" rating for the company in a research note on Wednesday, August 7th.

MBIA Price Performance

Shares of MBI traded up $0.04 during midday trading on Friday, hitting $6.02. 1,362,823 shares of the company traded hands, compared to its average volume of 468,619. MBIA Inc. has a one year low of $3.22 and a one year high of $14.37. The firm has a market cap of $307.20 million, a P/E ratio of -0.53 and a beta of 1.41. The stock has a 50-day moving average of $3.87 and a 200-day moving average of $4.62.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.