MBIA Inc. (NYSE:MBI) Director Sells $64,501.80 in Stock

MBIA Inc. (NYSE:MBI) Director Theodore Shasta sold 9,570 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $6.74, for a total value of $64,501.80. Following the transaction, the director now directly owns 61,794 shares in the company, valued at approximately $416,491.56. This represents a 13.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Theodore Shasta also recently made the following trade(s):

• On Monday, December 30th, Theodore Shasta sold 11,261 shares of MBIA stock. The stock was sold at an average price of $6.13, for a total value of $69,029.93.

MBIA Trading Down 11.0 %

Shares of MBI stock opened at $6.13 on Thursday. The company has a market capitalization of $312.81 million, a price-to-earnings ratio of -0.54 and a beta of 1.62. The firm has a 50-day moving average price of $6.04 and a 200 day moving average price of $4.78. MBIA Inc. has a twelve month low of $3.22 and a twelve month high of $7.16.

Institutional Trading of MBIA

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in MBIA by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 9,943 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 2,090 shares during the last quarter. Seelaus Asset Management LLC acquired a new position in shares of MBIA during the 3rd quarter valued at about $45,000. Quantbot Technologies LP lifted its holdings in shares of MBIA by 476.5% during the 3rd quarter. Quantbot Technologies LP now owns 14,257 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 11,784 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of MBIA in the second quarter worth approximately $83,000. Finally, K2 Principal Fund L.P. purchased a new stake in MBIA in the third quarter valued at approximately $173,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MBI shares. Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $6.50 to $9.00 in a report on Monday, November 18th. StockNews.com cut shares of MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.