MVC Capital, Inc. (MVC) Given Average Recommendation of “Strong Buy” by Analysts

MVC Capital, Inc. (NYSE:MVC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 91 out of 255 based on the ratings given to related companies.

MVC has been the topic of several recent research reports. TheStreet raised MVC Capital from a “c+” rating to a “b” rating in a report on Monday, June 4th. Maxim Group reaffirmed a “buy” rating and set a $12.50 price objective on shares of MVC Capital in a report on Wednesday, June 13th. Zacks Investment Research raised MVC Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, ValuEngine cut MVC Capital from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.

Shares of MVC traded up $0.01 during mid-day trading on Friday, hitting $9.78. 12,461 shares of the stock were exchanged, compared to its average volume of 39,687. The stock has a market capitalization of $184.44 million, a price-to-earnings ratio of -28.88 and a beta of 0.68. MVC Capital has a 52-week low of $9.25 and a 52-week high of $10.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 12.20 and a quick ratio of 12.20.

MVC Capital (NYSE:MVC) last issued its quarterly earnings data on Monday, June 11th. The investment management company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.50 million for the quarter. MVC Capital had a negative return on equity of 0.65% and a net margin of 74.18%. sell-side analysts expect that MVC Capital will post 0.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Thursday, July 26th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 25th. This represents a $0.60 annualized dividend and a yield of 6.13%. MVC Capital’s payout ratio is presently -176.47%.

In related news, Chairman Michael T. Tokarz purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were bought at an average price of $9.36 per share, for a total transaction of $46,800.00. Following the acquisition, the chairman now owns 984,932 shares of the company’s stock, valued at approximately $9,218,963.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. RMB Capital Management LLC purchased a new stake in MVC Capital during the 1st quarter valued at $298,000. Legal & General Group Plc raised its holdings in MVC Capital by 11.9% during the 1st quarter. Legal & General Group Plc now owns 75,747 shares of the investment management company’s stock valued at $754,000 after buying an additional 8,063 shares during the period. Gabelli Funds LLC raised its holdings in MVC Capital by 4.0% during the 1st quarter. Gabelli Funds LLC now owns 129,000 shares of the investment management company’s stock valued at $1,281,000 after buying an additional 5,000 shares during the period. Millennium Management LLC raised its holdings in MVC Capital by 114.7% during the 4th quarter. Millennium Management LLC now owns 123,588 shares of the investment management company’s stock valued at $1,305,000 after buying an additional 66,036 shares during the period. Finally, Stilwell Value LLC raised its holdings in MVC Capital by 2,659.8% during the 1st quarter. Stilwell Value LLC now owns 240,321 shares of the investment management company’s stock valued at $2,386,000 after buying an additional 231,613 shares during the period. Institutional investors own 46.19% of the company’s stock.

About MVC Capital

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).

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Get a free copy of the Zacks research report on MVC Capital (MVC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MVC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVC Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply