MMA Capital (NASDAQ:MMAC) Share Price Passes Above 50 Day Moving Average of $30.15

MMA Capital Holdings Inc (NASDAQ:MMAC)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.15 and traded as high as $29.25. MMA Capital shares last traded at $29.06, with a volume of 331 shares.

The company has a current ratio of 28.76, a quick ratio of 4.01 and a debt-to-equity ratio of 0.50. The company has a market cap of $171.30 million, a P/E ratio of 13.35 and a beta of 0.61. The business’s fifty day moving average is $30.11 and its 200 day moving average is $31.35.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in MMA Capital by 1,682.5% during the 2nd quarter. BlackRock Inc. now owns 198,932 shares of the financial services provider’s stock valued at $6,658,000 after acquiring an additional 187,772 shares during the period. Vanguard Group Inc. raised its holdings in MMA Capital by 21.5% during the 2nd quarter. Vanguard Group Inc. now owns 145,428 shares of the financial services provider’s stock valued at $4,867,000 after acquiring an additional 25,737 shares during the period. Bank of New York Mellon Corp bought a new stake in MMA Capital during the 2nd quarter valued at $474,000. Charles Schwab Investment Management Inc. bought a new stake in MMA Capital during the 2nd quarter valued at $391,000. Finally, Northern Trust Corp bought a new stake in MMA Capital during the 2nd quarter valued at $260,000. 18.21% of the stock is currently owned by institutional investors and hedge funds.

About MMA Capital (NASDAQ:MMAC)

MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.

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