MasterBrand, Inc. (NYSE:MBC) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP boosted its holdings in MasterBrand, Inc. (NYSE:MBC) by 81.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,654 shares of the company’s stock after purchasing an additional 8,360 shares during the quarter. Dark Forest Capital Management LP’s holdings in MasterBrand were worth $274,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC acquired a new stake in shares of MasterBrand during the first quarter worth about $20,894,000. Mawer Investment Management Ltd. purchased a new stake in MasterBrand in the second quarter valued at approximately $9,873,000. Norges Bank acquired a new stake in shares of MasterBrand in the fourth quarter valued at approximately $8,775,000. Empowered Funds LLC purchased a new position in shares of MasterBrand during the first quarter worth approximately $10,212,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of MasterBrand by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock valued at $66,738,000 after acquiring an additional 497,327 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Stock Up 3.4 %

MBC stock opened at $18.34 on Monday. MasterBrand, Inc. has a 12 month low of $10.53 and a 12 month high of $19.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 12.92 and a beta of 1.49. The company has a fifty day moving average price of $16.51 and a 200 day moving average price of $16.56.

MasterBrand (NYSE:MBC) last announced its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. The business had revenue of $676.50 million during the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares in the company, valued at $726,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at $737,266.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is owned by company insiders.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.