GSA Capital Partners LLP Invests $628,000 in MasterBrand, Inc. (NYSE:MBC)

Key Points

• GSA Capital Partners LLP invested $628,000 in MasterBrand, Inc., acquiring 48,087 shares in the first quarter.
• Multiple institutional investors, including Principal Financial Group and JPMorgan Chase & Co., have significantly increased their stakes in MasterBrand, indicating strong institutional interest.
• MasterBrand missed analysts' earnings expectations in its most recent quarter, reporting an EPS of $0.18 compared to the consensus estimate of $0.23.

GSA Capital Partners LLP acquired a new position in MasterBrand, Inc. (NYSE:MBC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,087 shares of the company's stock, valued at approximately $628,000.

Other institutional investors have also bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in shares of MasterBrand by 11.2% during the first quarter. Mawer Investment Management Ltd. now owns 881,737 shares of the company's stock valued at $11,515,000 after purchasing an additional 88,588 shares in the last quarter. Bryce Point Capital LLC bought a new stake in MasterBrand in the first quarter worth about $814,000. Pacer Advisors Inc. purchased a new position in shares of MasterBrand during the first quarter worth approximately $15,250,000. Royce & Associates LP increased its position in shares of MasterBrand by 1.8% during the first quarter. Royce & Associates LP now owns 736,933 shares of the company's stock worth $9,624,000 after acquiring an additional 12,772 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of MasterBrand during the first quarter worth approximately $2,078,000. Hedge funds and other institutional investors own 87.32% of the company's stock.

MasterBrand Stock Performance

NYSE MBC traded down $0.07 on Friday, reaching $11.91. 1,272,546 shares of the company's stock traded hands, compared to its average volume of 1,077,142. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 16.56 and a beta of 1.42. The stock has a 50 day moving average price of $11.05 and a 200-day moving average price of $12.57. MasterBrand, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $20.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.90.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a net margin of 3.37% and a return on equity of 12.03%. The business had revenue of $730.90 million for the quarter, compared to analyst estimates of $683.30 million.

Analyst Ratings Changes

Several brokerages recently issued reports on MBC. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th. Loop Capital cut their price target on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th.

MasterBrand Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.