GSA Capital Partners LLP Has $1.13 Million Stock Position in MBIA Inc. (NYSE:MBI)

GSA Capital Partners LLP grew its position in MBIA Inc. (NYSE:MBI) by 321.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,234 shares of the insurance provider’s stock after purchasing an additional 241,116 shares during the period. GSA Capital Partners LLP’s holdings in MBIA were worth $1,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MBI. Price T Rowe Associates Inc. MD grew its stake in shares of MBIA by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,617 shares of the insurance provider’s stock valued at $397,000 after buying an additional 1,972 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in MBIA by 19.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 2,587 shares during the last quarter. SG Americas Securities LLC lifted its stake in MBIA by 18.7% in the third quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider’s stock valued at $267,000 after acquiring an additional 11,811 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in MBIA in the second quarter worth approximately $83,000. Finally, Bank of New York Mellon Corp increased its stake in shares of MBIA by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 200,447 shares of the insurance provider’s stock worth $1,100,000 after purchasing an additional 19,753 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective 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 Stock Performance

MBI opened at $5.98 on Friday. The company has a market cap of $305.16 million, a PE ratio of -0.53 and a beta of 1.41. The stock has a 50-day moving average of $3.82 and a 200-day moving average of $4.62. MBIA Inc. has a 52-week low of $3.22 and a 52-week high of $14.37.

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.