EVR Research LP grew its stake in MasterBrand, Inc. (NYSE:MBC – Free Report) by 700.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after purchasing an additional 175,000 shares during the period. MasterBrand comprises approximately 1.2% of EVR Research LP’s investment portfolio, making the stock its 25th largest holding. EVR Research LP owned 0.16% of MasterBrand worth $2,208,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in MasterBrand by 696.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012 shares of the company’s stock worth $33,000 after purchasing an additional 2,634 shares in the last quarter. IFP Advisors Inc boosted its position in MasterBrand by 124.4% in the 4th quarter. IFP Advisors Inc now owns 3,510 shares of the company’s stock worth $39,000 after purchasing an additional 1,946 shares in the last quarter. Clearstead Advisors LLC boosted its position in MasterBrand by 165.2% in the 4th quarter. Clearstead Advisors LLC now owns 4,228 shares of the company’s stock worth $47,000 after purchasing an additional 2,634 shares in the last quarter. Jones Financial Companies Lllp boosted its position in MasterBrand by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,579 shares of the company’s stock worth $76,000 after purchasing an additional 1,177 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in MasterBrand by 58.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,812 shares of the company’s stock worth $77,000 after purchasing an additional 2,153 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.
MasterBrand Trading Down 2.8%
MasterBrand stock opened at $8.61 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. MasterBrand, Inc. has a 12 month low of $6.61 and a 12 month high of $14.22. The stock’s 50 day simple moving average is $8.41 and its two-hundred day simple moving average is $10.00. The firm has a market cap of $1.10 billion, a PE ratio of -430.18 and a beta of 1.48.
Insiders Place Their Bets
In other MasterBrand news, CEO R David Banyard bought 60,000 shares of MasterBrand stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $8.43 per share, with a total value of $505,800.00. Following the purchase, the chief executive officer directly owned 1,831,788 shares in the company, valued at $15,441,972.84. This represents a 3.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bruce Alan Kendrick sold 26,245 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $9.02, for a total value of $236,729.90. Following the transaction, the executive vice president directly owned 241,665 shares of the company’s stock, valued at approximately $2,179,818.30. The trade was a 9.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 81,587 shares of company stock worth $696,347. Corporate insiders own 2.04% of the company’s stock.
About MasterBrand
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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