Fine Capital Partners, L.P. Sells 200,000 Shares of MBIA Inc. (MBI) Stock

MBIA Inc. (NYSE:MBI) major shareholder Fine Capital Partners, L.P. sold 200,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $10.09, for a total transaction of $2,018,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Fine Capital Partners, L.P. also recently made the following trade(s):

  • On Friday, November 9th, Fine Capital Partners, L.P. sold 358,000 shares of MBIA stock. The stock was sold at an average price of $10.07, for a total transaction of $3,605,060.00.

MBI stock opened at $9.47 on Friday. The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.79 and a current ratio of 1.75. MBIA Inc. has a 52-week low of $6.88 and a 52-week high of $11.62.

MBIA (NYSE:MBI) last posted its earnings results on Tuesday, November 6th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.01). MBIA had a negative return on equity of 25.28% and a negative net margin of 73.92%. The firm had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $58.50 million. During the same period in the previous year, the company earned ($0.91) earnings per share. The company’s revenue was up 218.2% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in MBIA in the 2nd quarter valued at about $109,000. Trexquant Investment LP purchased a new position in MBIA in the 3rd quarter valued at about $139,000. LPL Financial LLC purchased a new position in MBIA in the 1st quarter valued at about $129,000. KBC Group NV lifted its stake in MBIA by 5.7% in the 2nd quarter. KBC Group NV now owns 298,782 shares of the insurance provider’s stock valued at $2,701,000 after buying an additional 16,081 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in MBIA in the 3rd quarter valued at about $234,000.

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About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.

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