Zacks Investment Research upgraded shares of MVC Capital (NYSE:MVC) from a sell rating to a hold rating in a report issued on Saturday.
According to Zacks, “MVC CAPITAL INC is a business development company traded on the New York Stock Exchange, under the listing symbol MVC and is advised by The Tokarz Group Advisers LLC. MVC provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. The investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors. “
Several other equities analysts have also issued reports on MVC. TheStreet lowered MVC Capital from a b rating to a c+ rating in a research note on Friday, December 29th. Ladenburg Thalmann Financial Services initiated coverage on MVC Capital in a research note on Thursday, January 11th. They issued a buy rating and a $12.00 target price on the stock.
Shares of MVC Capital (NYSE MVC) traded up $0.03 on Friday, hitting $10.10. The stock had a trading volume of 34,542 shares, compared to its average volume of 28,463. The company has a quick ratio of 37.37, a current ratio of 37.37 and a debt-to-equity ratio of 0.40. MVC Capital has a twelve month low of $8.59 and a twelve month high of $10.97. The firm has a market capitalization of $190.09, a price-to-earnings ratio of 8.28 and a beta of 0.67.
MVC Capital (NYSE:MVC) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $0.09 earnings per share (EPS) for the quarter. MVC Capital had a negative return on equity of 1.96% and a net margin of 135.91%. The business had revenue of $5.49 million for the quarter. equities analysts predict that MVC Capital will post 0.51 EPS for the current fiscal year.
In related news, Chairman Michael T. Tokarz bought 10,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were purchased at an average price of $10.55 per share, with a total value of $105,500.00. Following the completion of the purchase, the chairman now owns 941,043 shares of the company’s stock, valued at approximately $9,928,003.65. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.91% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MVC. Advisors Asset Management Inc. lifted its stake in MVC Capital by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 95,817 shares of the investment management company’s stock valued at $959,000 after buying an additional 10,250 shares during the period. Legal & General Group Plc lifted its stake in MVC Capital by 14.6% in the third quarter. Legal & General Group Plc now owns 62,790 shares of the investment management company’s stock valued at $629,000 after buying an additional 7,982 shares during the period. JPMorgan Chase & Co. lifted its stake in MVC Capital by 86.5% in the third quarter. JPMorgan Chase & Co. now owns 29,544 shares of the investment management company’s stock valued at $297,000 after buying an additional 13,706 shares during the period. City of London Investment Management Co. Ltd. lifted its stake in MVC Capital by 59.7% in the third quarter. City of London Investment Management Co. Ltd. now owns 240,758 shares of the investment management company’s stock valued at $2,411,000 after buying an additional 89,985 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in MVC Capital by 2.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 189,160 shares of the investment management company’s stock valued at $1,893,000 after buying an additional 5,327 shares during the period. 46.52% of the stock is currently owned by hedge funds and other institutional investors.
MVC Capital Company Profile
MVC Capital, Inc is a non-diversified closed-end management investment company. The Company’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Company’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc (MVCFS).
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