Walleye Capital LLC purchased a new stake in shares of MBIA Inc. (NYSE:MBI – Get Rating) during the second quarter, Holdings Channel reports. The fund purchased 15,882 shares of the insurance provider’s stock, valued at approximately $196,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can raised its holdings in shares of MBIA by 105.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,782 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,430 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in MBIA in the 2nd quarter worth $40,000. GoalVest Advisory LLC bought a new position in MBIA in the 1st quarter worth $77,000. Amalgamated Bank bought a new position in MBIA in the 1st quarter worth $89,000. Finally, Counterpoint Mutual Funds LLC bought a new position in MBIA in the 2nd quarter worth $118,000. Institutional investors own 65.68% of the company’s stock.
MBIA Price Performance
Shares of MBI opened at $11.65 on Friday. The company has a market capitalization of $639.47 million, a PE ratio of -1.94 and a beta of 1.23. MBIA Inc. has a one year low of $8.91 and a one year high of $17.90. The company’s fifty day moving average price is $10.61 and its 200 day moving average price is $11.93.
Analyst Ratings Changes
MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.
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