Shares of MVC Capital, Inc. (NYSE:MVC) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $10.50 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 103 out of 256 based on the ratings given to related companies.
MVC has been the subject of a number of analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of MVC Capital in a report on Wednesday, March 13th. Zacks Investment Research raised MVC Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.
Institutional investors have recently bought and sold shares of the company. West Family Investments Inc. boosted its holdings in shares of 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 during the period. Bank of America Corp DE boosted its holdings in shares of 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 during the period. Stilwell Value LLC boosted its holdings in shares of 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 during the period. Ancora Advisors LLC boosted its holdings in shares of 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 during the period. Finally, Almitas Capital LLC boosted its holdings in shares of MVC Capital by 12.8% in the first quarter. Almitas Capital LLC now owns 566,180 shares of the investment management company’s stock worth $5,135,000 after acquiring an additional 64,145 shares during the period. 50.43% of the stock is owned by hedge funds and other institutional investors.
NYSE:MVC traded up $0.10 during trading hours on Wednesday, reaching $9.36. The stock had a trading volume of 100 shares, compared to its average volume of 22,248. The company has a debt-to-equity ratio of 0.52, a current ratio of 10.30 and a quick ratio of 10.30. MVC Capital has a 12-month low of $7.96 and a 12-month high of $10.13. The company has a market capitalization of $165.95 million, a P/E ratio of 46.80 and a beta of 0.75.
MVC Capital (NYSE:MVC) last released its earnings results on Monday, June 10th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.15. MVC Capital had a positive return on equity of 3.13% and a negative net margin of 60.27%. The business had revenue of $8.59 million during the quarter. As a group, analysts anticipate that MVC Capital will post 0.38 earnings per share for the current year.
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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