MVC Capital, Inc. (NYSE:MVC) has 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 research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus target price of $11.50 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 67 out of 255 based on the ratings given to its competitors.
Get MVC Capital alerts:Separately, Zacks Investment Research cut MVC Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd.
Shares of MVC Capital stock traded down $0.11 during trading hours on Friday, hitting $9.32. 11,231 shares of the company were exchanged, compared to its average volume of 17,226. MVC Capital has a 1 year low of $7.96 and a 1 year high of $10.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 62.25 and a quick ratio of 62.25. The stock has a market capitalization of $177.86 million, a PE ratio of 46.60 and a beta of 0.77.
MVC Capital (NYSE:MVC) last released its quarterly earnings results on Monday, January 14th. The investment management company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). MVC Capital had a positive return on equity of 1.38% and a negative net margin of 46.03%. The company had revenue of $5.97 million for the quarter. As a group, equities research analysts anticipate that MVC Capital will post 0.45 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC raised its position in MVC Capital by 1.7% in the fourth quarter. Ancora Advisors LLC now owns 284,028 shares of the investment management company’s stock worth $2,332,000 after acquiring an additional 4,830 shares in the last quarter. Bank of America Corp DE raised its position in MVC Capital by 12.4% in the fourth quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock worth $299,000 after acquiring an additional 4,023 shares in the last quarter. West Family Investments Inc. raised its position in MVC Capital by 0.8% in the fourth quarter. West Family Investments Inc. now owns 1,221,628 shares of the investment management company’s stock worth $10,072,000 after acquiring an additional 9,999 shares in the last quarter. Stilwell Value LLC raised its position in MVC Capital by 39.1% in the fourth quarter. Stilwell Value LLC now owns 334,320 shares of the investment management company’s stock worth $2,745,000 after acquiring an additional 93,999 shares in the last quarter. Finally, Putnam Investments LLC raised its position in MVC Capital by 22.7% in the third quarter. Putnam Investments LLC now owns 175,756 shares of the investment management company’s stock worth $1,696,000 after acquiring an additional 32,484 shares in the last quarter. Hedge funds and other institutional investors own 41.12% of the company’s stock.
About MVC Capital
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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