Catalyst Capital Advisors LLC Purchases New Holdings in MBIA Inc. (MBI)

Catalyst Capital Advisors LLC purchased a new stake in MBIA Inc. (NYSE:MBI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 36,400 shares of the insurance provider’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nine Chapters Capital Management LLC acquired a new stake in MBIA in the 3rd quarter valued at about $111,000. Intl Fcstone Inc. acquired a new stake in MBIA in the 2nd quarter valued at about $127,000. Commerzbank Aktiengesellschaft FI acquired a new stake in MBIA in the 4th quarter valued at about $116,000. Public Employees Retirement System of Ohio grew its stake in MBIA by 7.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,849 shares of the insurance provider’s stock valued at $159,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in MBIA in the 3rd quarter valued at about $182,000.

In other news, Director Joseph W. Brown purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $7.25 per share, with a total value of $362,500.00. Following the purchase, the director now directly owns 2,399,634 shares of the company’s stock, valued at $17,397,346.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.11% of the stock is owned by company insiders.

MBI has been the topic of a number of research reports. ValuEngine raised shares of MBIA from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods initiated coverage on shares of MBIA in a research note on Monday, February 5th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.50.

Shares of MBIA Inc. (NYSE MBI) opened at $8.24 on Friday. MBIA Inc. has a 12 month low of $6.04 and a 12 month high of $10.89. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.09 and a quick ratio of 2.09.

MBIA announced that its board has initiated a stock buyback program on Tuesday, November 7th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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MBIA Profile

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

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Institutional Ownership by Quarter for MBIA (NYSE:MBI)

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