MVC Capital, Inc. (NYSE:MVC) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $12.00 for the company, according to Zacks. Zacks has also assigned MVC Capital an industry rank of 97 out of 256 based on the ratings given to its competitors.
A number of brokerages have issued reports on MVC. TheStreet raised MVC Capital from a “c” rating to a “b” rating in a research report on Wednesday, June 12th. Zacks Investment Research cut shares of MVC Capital from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Maxim Group reissued a “buy” rating and issued a $13.00 price target on shares of MVC Capital in a research report on Thursday, June 13th.
In related news, major shareholder Mvc Capital, Inc. sold 608,310 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $1.70, for a total value of $1,034,127.00. Following the completion of the sale, the insider now directly owns 3,836,334 shares of the company’s stock, valued at $6,521,767.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Michael T. Tokarz purchased 11,068 shares of MVC Capital stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average cost of $9.37 per share, with a total value of $103,707.16. Following the completion of the transaction, the chairman now owns 998,100 shares of the company’s stock, valued at $9,352,197. The disclosure for this purchase can be found here. Over the last three months, insiders sold 2,433,240 shares of company stock valued at $4,087,843. 8.85% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Cooperman Leon G raised its holdings in shares of MVC Capital by 0.3% in the second quarter. Cooperman Leon G now owns 1,664,077 shares of the investment management company’s stock valued at $15,326,000 after buying an additional 5,454 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of MVC Capital by 1.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 793,405 shares of the investment management company’s stock valued at $7,196,000 after buying an additional 10,754 shares during the last quarter. Almitas Capital LLC raised its holdings in shares of MVC Capital by 12.8% in the first quarter. Almitas Capital LLC now owns 566,180 shares of the investment management company’s stock valued at $5,135,000 after buying an additional 64,145 shares during the last quarter. Virtus ETF Advisers LLC purchased a new stake in shares of MVC Capital in the second quarter valued at about $1,950,000. Finally, Bank of America Corp DE raised its holdings in shares of MVC Capital by 12.4% in the fourth quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock valued at $299,000 after buying an additional 4,023 shares during the last quarter. 49.25% of the stock is owned by institutional investors and hedge funds.
MVC stock traded up $0.06 during trading on Friday, hitting $9.15. The stock had a trading volume of 2,000 shares, compared to its average volume of 16,166. The company has a debt-to-equity ratio of 0.49, a current ratio of 8.77 and a quick ratio of 8.77. MVC Capital has a twelve month low of $7.96 and a twelve month high of $9.89. The stock has a market capitalization of $161.12 million, a P/E ratio of 45.75 and a beta of 0.74. The company’s 50-day moving average price is $9.37 and its two-hundred day moving average price is $9.20.
MVC Capital (NYSE:MVC) last posted its quarterly earnings data on Monday, June 10th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.15. MVC Capital had a return on equity of 4.54% and a net margin of 17.72%. The company had revenue of $8.59 million for the quarter. As a group, sell-side analysts expect that MVC Capital will post 0.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 6.56%. MVC Capital’s dividend payout ratio (DPR) is presently 300.00%.
About MVC Capital
MVC Capital, Inc is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing.
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