MBIA (MBI) Shares Down 5.4%

Shares of MBIA Inc. (NYSE:MBI) dropped 5.4% during trading on Thursday . The stock traded as low as $9.80 and last traded at $9.84. Approximately 1,003,125 shares traded hands during trading, a decline of 22% from the average daily volume of 1,279,348 shares. The stock had previously closed at $10.40.

The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.79 and a current ratio of 1.79.

MBIA (NYSE:MBI) last issued its earnings results on Wednesday, August 8th. The insurance provider reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.24). The business had revenue of $12.00 million for the quarter, compared to the consensus estimate of $62.27 million. MBIA had a negative net margin of 148.51% and a negative return on equity of 28.41%. During the same quarter in the previous year, the firm posted ($1.09) EPS.

In other MBIA news, major shareholder Fine Capital Partners, L.P. sold 1,477,900 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $11.33, for a total transaction of $16,744,607.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.07% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBI. Cubist Systematic Strategies LLC bought a new stake in shares of MBIA in the 2nd quarter valued at $109,000. LPL Financial LLC bought a new stake in shares of MBIA in the 1st quarter valued at $129,000. GSA Capital Partners LLP bought a new stake in shares of MBIA in the 1st quarter valued at $138,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of MBIA in the 2nd quarter valued at $652,000. Finally, KBC Group NV increased its position in shares of 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.


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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