GSA Capital Partners LLP Raises Position in MBIA Inc. (NYSE:MBI)

GSA Capital Partners LLP raised its stake in shares of MBIA Inc. (NYSE:MBI) by 321.0% in the 3rd quarter, according to its most recent Form 13F filing with the 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 owned 0.62% of MBIA worth $1,129,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whitebox Advisors LLC boosted its holdings in MBIA by 86.8% in the second quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock valued at $4,361,000 after purchasing an additional 369,255 shares during the last quarter. Kahn Brothers Group Inc. lifted its stake in shares of MBIA by 7.2% in the 1st quarter. Kahn Brothers Group Inc. now owns 5,176,613 shares of the insurance provider’s stock worth $34,993,000 after acquiring an additional 347,007 shares during the period. TCW Group Inc. acquired a new position in shares of MBIA during the second quarter valued at approximately $1,435,000. Tidal Investments LLC bought a new stake in MBIA during the first quarter worth approximately $1,105,000. Finally, Renaissance Technologies LLC boosted its stake in MBIA by 427.9% during the 2nd quarter. Renaissance Technologies LLC now owns 119,174 shares of the insurance provider’s stock valued at $654,000 after purchasing an additional 96,600 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

MBIA Trading Up 21.8 %

Shares of MBI opened at $5.98 on Friday. MBIA Inc. has a 1-year low of $3.22 and a 1-year high of $14.37. The stock has a market capitalization of $305.16 million, a P/E ratio of -0.53 and a beta of 1.41. The business’s 50-day moving average price is $3.82 and its 200 day moving average price is $4.62.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

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.