Seelaus Asset Management LLC Invests $45,000 in MBIA Inc. (NYSE:MBI)

Seelaus Asset Management LLC acquired a new position in shares of MBIA Inc. (NYSE:MBI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,500 shares of the insurance provider’s stock, valued at approximately $45,000.

Several other institutional investors have also added to or reduced their stakes in MBI. Whitebox Advisors LLC raised its stake in shares of MBIA by 86.8% in the 2nd 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 period. Kahn Brothers Group Inc. raised its position in MBIA by 7.2% in the 1st quarter. Kahn Brothers Group Inc. now owns 5,176,613 shares of the insurance provider’s stock valued at $34,993,000 after buying an additional 347,007 shares during the last quarter. TCW Group Inc. bought a new stake in MBIA in the 2nd quarter valued at approximately $1,435,000. GSA Capital Partners LLP boosted its position in MBIA by 321.0% during the 3rd quarter. GSA Capital Partners LLP now owns 316,234 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 241,116 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of MBIA during the 1st quarter worth approximately $1,105,000. 60.95% of the stock is owned by institutional investors.

MBIA Stock Up 0.7 %

Shares of MBIA stock opened at $6.02 on Friday. The stock has a market cap of $307.20 million, a P/E ratio of -0.53 and a beta of 1.41. The business’s 50 day moving average is $3.87 and its 200-day moving average is $4.62. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $14.37.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating for the company in a research report 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.