Stock traders are buying a high volume of MBIA call options (NYSE:MBI)

MBIA Inc. (NYSE:MBI – Get Rating) was the recipient of some unusual options trading activity on Friday. Stock traders bought 12,615 call options on the stock. This is a 785% increase from the typical daily volume of 1,426 call options.

Performance of MBIA shares

MBIA shares traded down $0.33 at midday Friday, hitting $12.41. 1,951 shares of the company were traded, against an average volume of 266,536. The stock has a market capitalization of $681.31 million, a price-earnings ratio of -1.63 and a beta of 1.09. . The company’s fifty-day moving average price is $12.46 and its 200-day moving average price is $13.45. MBIA has a 12 month minimum of $10.25 and a 12 month maximum of $17.90.

Analysts set new price targets

Separately, upgraded MBIA’s shares from a “sell” rating to a “hold” rating in a Friday, August 12, report.

Institutional investors weigh on MBIA

Several hedge funds and other institutional investors have recently changed their positions in the stock. Full18 Capital LLC increased its position in MBIA by 58.3% in the 1st quarter. Full18 Capital LLC now owns 86,148 shares of the insurance provider worth $1,246,000 after purchasing an additional 31,714 shares during the period. Wolf Hill Capital Management LP increased its position in MBIA by 1.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,149,207 shares of the insurance provider worth $18,146,000 after purchasing an additional 20,374 shares during the period. Valueworks LLC increased its position in MBIA by 1.5% during the 4th quarter. Valueworks LLC now owns 1,096,470 shares of the insurance provider worth $17,313,000 after purchasing an additional 16,375 shares during the period. Tegean Capital Management LLC acquired a new stake in MBIA during the 4th quarter for a value of approximately $1,579,000. Finally, Ensign Peak Advisors Inc acquired a new stake in MBIA during the 4th quarter at a value of approximately $182,000. 69.64% of the shares are held by institutional investors.

MBIA Company Profile

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MBIA Inc provides financial guarantee insurance services to public capital markets. It operates through the United States (US) Public Finance Insurance and International and Structured Finance Insurance segments. Company issues financial guarantees for municipal bonds, including U.S. tax-exempt and taxable debt

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