GAMMA Investing LLC Purchases 890 Shares of MasterBrand, Inc. (NYSE:MBC)

GAMMA Investing LLC boosted its position in MasterBrand, Inc. (NYSE:MBC) by 46.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,814 shares of the company’s stock after acquiring an additional 890 shares during the period. GAMMA Investing LLC’s holdings in MasterBrand were worth $52,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in shares of MasterBrand by 14.0% during the third quarter. Handelsbanken Fonder AB now owns 32,500 shares of the company’s stock worth $603,000 after purchasing an additional 4,000 shares during the period. The Manufacturers Life Insurance Company increased its stake in MasterBrand by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,879 shares of the company’s stock valued at $1,026,000 after purchasing an additional 1,216 shares in the last quarter. Maverick Capital Ltd. increased its stake in MasterBrand by 330.7% during the 2nd quarter. Maverick Capital Ltd. now owns 103,313 shares of the company’s stock valued at $1,517,000 after purchasing an additional 79,328 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in MasterBrand by 81.2% during the second quarter. Dark Forest Capital Management LP now owns 18,654 shares of the company’s stock worth $274,000 after buying an additional 8,360 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C lifted its stake in shares of MasterBrand by 15.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 14,837 shares of the company’s stock valued at $218,000 after buying an additional 2,007 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

Insider Buying and Selling

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 45,520 shares in the company, valued at approximately $726,044. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at $737,266.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the stock in a transaction that occurred on 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 directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is owned by corporate insiders.

MasterBrand Trading Up 2.6 %

NYSE:MBC opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.10. The company has a market cap of $2.38 billion, a PE ratio of 13.20 and a beta of 1.49. The firm has a 50-day moving average of $16.75 and a 200-day moving average of $16.52.

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

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.