MBIA Inc. (MBI) Major Shareholder Fine Capital Partners, L.P. Sells 1,477,900 Shares
MBIA Inc. (NYSE:MBI) major shareholder Fine Capital Partners, L.P. sold 1,477,900 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $11.33, for a total value of $16,744,607.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
MBI stock opened at $10.82 on Tuesday. MBIA Inc. has a twelve month low of $6.04 and a twelve month high of $11.62. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.79 and a quick ratio of 1.83.
MBIA (NYSE:MBI) last released its earnings results on Wednesday, August 8th. The insurance provider reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.24). The firm had revenue of $12.00 million for the quarter, compared to the consensus estimate of $62.27 million. MBIA had a negative return on equity of 28.41% and a negative net margin of 148.51%. During the same quarter in the previous year, the firm earned ($1.09) EPS.
MBIA Company Profile
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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