Shares of MVC Capital, Inc. (NYSE:MVC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $12.00 for the company, according to Zacks. Zacks has also assigned MVC Capital an industry rank of 161 out of 255 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of MVC Capital from a “b” rating to a “c+” rating in a research report on Monday, September 23rd. Zacks Investment Research downgraded shares of MVC Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Maxim Group set a $13.00 price target on shares of MVC Capital and gave the company a “buy” rating in a research report on Saturday, September 14th.
Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in shares of MVC Capital by 5.7% during the 3rd quarter. California Public Employees Retirement System now owns 51,700 shares of the investment management company’s stock valued at $460,000 after acquiring an additional 2,800 shares during the period. Morgan Stanley raised its position in shares of MVC Capital by 186.2% during the 2nd quarter. Morgan Stanley now owns 6,927 shares of the investment management company’s stock worth $63,000 after purchasing an additional 4,507 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of MVC Capital by 43.8% during the 3rd quarter. Wedbush Securities Inc. now owns 17,061 shares of the investment management company’s stock worth $152,000 after purchasing an additional 5,200 shares during the last quarter. Cooperman Leon G raised its position in shares of MVC Capital by 0.3% during the 2nd quarter. Cooperman Leon G now owns 1,664,077 shares of the investment management company’s stock worth $15,326,000 after purchasing an additional 5,454 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in shares of MVC Capital by 6.5% during the 3rd quarter. Ancora Advisors LLC now owns 99,000 shares of the investment management company’s stock worth $881,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 50.65% of the company’s stock.
MVC stock opened at $9.21 on Wednesday. The firm has a 50 day moving average of $9.00 and a 200-day moving average of $9.10. MVC Capital has a 12-month low of $7.96 and a 12-month high of $9.65. The company has a current ratio of 13.06, a quick ratio of 13.06 and a debt-to-equity ratio of 0.50. The company has a market cap of $160.77 million, a price-to-earnings ratio of 46.05 and a beta of 0.73.
MVC Capital (NYSE:MVC) last posted its quarterly earnings results on Monday, September 9th. The investment management company reported $0.16 earnings per share (EPS) for the quarter. MVC Capital had a net margin of 38.77% and a return on equity of 4.51%. The company had revenue of $7.47 million during the quarter. Sell-side analysts forecast that MVC Capital will post 0.63 earnings per share for the current fiscal year.
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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