Bluefin Capital Management LLC Makes New Investment in MBIA, Inc. $MBI

Key Points

• Bluefin Capital Management LLC has acquired 102,042 shares of MBIA, Inc. valued at approximately $508,000, marking a new investment position in the company.
• Several institutional investors increased their stakes in MBIA during the fourth quarter, with Deutsche Bank AG boosting its holdings by 63.2%.
• MBIA's stock currently has a consensus rating of Buy and a price target of $8.00, with its market cap at $381.70 million.

Bluefin Capital Management LLC acquired a new position in shares of MBIA, Inc. (NYSE:MBI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 102,042 shares of the insurance provider's stock, valued at approximately $508,000. Bluefin Capital Management LLC owned 0.20% of MBIA at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MBI. Price T Rowe Associates Inc. MD raised its stake in MBIA by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 88,558 shares of the insurance provider's stock worth $573,000 after purchasing an additional 11,855 shares during the period. Northern Trust Corp raised its position in shares of MBIA by 1.4% in the 4th quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider's stock worth $2,766,000 after buying an additional 5,860 shares during the period. Deutsche Bank AG boosted its holdings in MBIA by 63.2% in the fourth quarter. Deutsche Bank AG now owns 50,033 shares of the insurance provider's stock valued at $323,000 after acquiring an additional 19,379 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in MBIA during the fourth quarter valued at about $215,000. Finally, ProShare Advisors LLC acquired a new stake in MBIA during the fourth quarter worth about $81,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

MBIA Stock Performance

MBI stock opened at $7.56 on Wednesday. The firm has a market cap of $381.70 million, a P/E ratio of -1.63 and a beta of 1.94. MBIA, Inc. has a 1 year low of $3.22 and a 1 year high of $8.26. The stock has a 50-day simple moving average of $6.01 and a 200-day simple moving average of $5.19.

Analyst Ratings Changes

Separately, Wall Street Zen raised MBIA from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $8.00.

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.

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