Excess space under shortcodes/Text elements

Greetings WPMU Dev!

Attached is a screenshot of the Master Slider plugin. Each instance of the plugin on the website has excess space underneath the actual slider itself. Shortcodes are used in the Editor. This also happens for some other shortcodes like Marketpress Product Grids.

I'd like to minimize the space to about 15-20px or so if possible, hope you guys can help!

Much Love
Ciro Bey