Deprince Race & Zollo Inc. bought a new position in MBIA Inc. (NYSE:MBI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $205,000.
A number of other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in MBIA during the first quarter valued at $165,000. BlackRock Inc. raised its position in shares of MBIA by 89.5% in the first quarter. BlackRock Inc. now owns 19,909 shares of the company’s stock worth $177,000 after buying an additional 9,403 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of MBIA by 100.0% in the second quarter. BNP Paribas Arbitrage SA now owns 38,326 shares of the company’s stock worth $262,000 after buying an additional 19,166 shares during the last quarter. HBK Investments L P purchased a new position in shares of MBIA during the first quarter worth approximately $526,000. Finally, First Midwest Bank Trust Division raised its position in shares of MBIA by 45.0% in the second quarter. First Midwest Bank Trust Division now owns 94,502 shares of the company’s stock worth $645,000 after buying an additional 29,338 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.
MBIA Inc. (NYSE:MBI) traded up 0.38% on Friday, reaching $7.95. The company’s stock had a trading volume of 711,343 shares. The company’s market cap is $1.08 billion. MBIA Inc. has a 12 month low of $5.26 and a 12 month high of $9.49. The company has a 50-day moving average price of $7.86 and a 200 day moving average price of $7.72.
MBIA (NYSE:MBI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $118 million for the quarter, compared to analyst estimates of $75.25 million. MBIA had a positive return on equity of 1.77% and a negative net margin of 10.76%. The business’s quarterly revenue was down 51.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that MBIA Inc. will post $0.47 EPS for the current fiscal year.
A number of research analysts recently commented on MBI shares. BTIG Research restated a “buy” rating and issued a $14.00 target price on shares of MBIA in a research note on Wednesday, September 7th. MKM Partners restated a “buy” rating and issued a $12.00 target price on shares of MBIA in a research note on Thursday, June 16th. Finally, S&P Equity Research restated a “positive” rating on shares of MBIA in a research note on Wednesday, June 15th.
MBIA Inc (MBIA) is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.
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