MVC Capital, Inc. (NYSE:MVC) major shareholder Mvc Capital, Inc. sold 608,310 shares of MVC Capital stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1.62, for a total transaction of $985,462.20. Following the transaction, the insider now owns 3,228,024 shares in the company, valued at $5,229,398.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Mvc Capital, Inc. also recently made the following trade(s):
- On Monday, July 29th, Mvc Capital, Inc. sold 608,310 shares of MVC Capital stock. The stock was sold at an average price of $1.70, for a total transaction of $1,034,127.00.
- On Wednesday, July 24th, Mvc Capital, Inc. sold 1,216,620 shares of MVC Capital stock. The stock was sold at an average price of $1.70, for a total transaction of $2,068,254.00.
NYSE MVC opened at $9.09 on Friday. MVC Capital, Inc. has a twelve month low of $7.96 and a twelve month high of $9.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 8.77 and a current ratio of 8.77. The stock has a market cap of $161.61 million, a price-to-earnings ratio of 45.45 and a beta of 0.74. The firm’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 for the quarter, topping the consensus estimate of $0.09 by $0.15. MVC Capital had a net margin of 17.72% and a return on equity of 4.54%. The firm had revenue of $8.59 million for the quarter. On average, research analysts forecast that MVC Capital, Inc. will post 0.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Wednesday, July 24th. MVC Capital’s dividend payout ratio (DPR) is currently 300.00%.
MVC has been the topic of several research analyst reports. Maxim Group reiterated a “buy” rating and set a $13.00 price objective on shares of MVC Capital in a research report on Thursday, June 13th. Zacks Investment Research cut shares of MVC Capital from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet upgraded shares of MVC Capital from a “c” rating to a “b” rating in a research report on Wednesday, June 12th.
Several large investors have recently modified their holdings of MVC. Virtus ETF Advisers LLC acquired a new stake in shares of MVC Capital during the 2nd quarter valued at $1,950,000. Almitas Capital LLC boosted its stake in shares of MVC Capital by 12.8% during the 1st 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 period. Investment House LLC acquired a new stake in shares of MVC Capital during the 2nd quarter valued at $207,000. Wedbush Securities Inc. acquired a new stake in shares of MVC Capital during the 2nd quarter valued at $109,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of MVC Capital by 1.4% during the 1st 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 period. 49.25% of the stock is owned by institutional investors.
MVC Capital Company Profile
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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