MVC Capital, Inc. (NYSE:MVC) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus target price of $12.00 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 162 out of 255 based on the ratings given to related companies.
A number of research analysts recently weighed in on MVC shares. TheStreet cut shares of MVC Capital from a “b” rating to a “c+” rating in a research note on Monday, September 23rd. Zacks Investment Research cut shares of MVC Capital from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Maxim Group set a $13.00 target price on shares of MVC Capital and gave the company a “buy” rating in a research note on Saturday, September 14th.
A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System lifted its stake in MVC Capital by 5.7% in the 3rd quarter. California Public Employees Retirement System now owns 51,700 shares of the investment management company’s stock worth $460,000 after purchasing an additional 2,800 shares in the last quarter. Morgan Stanley increased its holdings in shares of MVC Capital by 186.2% in the 2nd quarter. Morgan Stanley now owns 6,927 shares of the investment management company’s stock worth $63,000 after buying an additional 4,507 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of MVC Capital by 43.8% in the 3rd quarter. Wedbush Securities Inc. now owns 17,061 shares of the investment management company’s stock worth $152,000 after buying an additional 5,200 shares during the last quarter. Cooperman Leon G increased its holdings in shares of MVC Capital by 0.3% in the 2nd quarter. Cooperman Leon G now owns 1,664,077 shares of the investment management company’s stock worth $15,326,000 after buying an additional 5,454 shares during the last quarter. Finally, Wolverine Trading LLC increased its holdings in shares of MVC Capital by 67.3% in the 2nd quarter. Wolverine Trading LLC now owns 17,844 shares of the investment management company’s stock worth $164,000 after buying an additional 7,181 shares during the last quarter. Institutional investors and hedge funds own 50.98% of the company’s stock.
Shares of MVC traded up $0.01 during trading hours on Monday, reaching $9.01. 20,351 shares of the stock traded hands, compared to its average volume of 34,204. The company has a current ratio of 13.06, a quick ratio of 13.06 and a debt-to-equity ratio of 0.50. MVC Capital has a 52-week low of $7.96 and a 52-week high of $9.65. The company’s 50-day moving average price is $8.91 and its two-hundred day moving average price is $9.09. The company has a market cap of $159.53 million, a P/E ratio of 45.05 and a beta of 0.71.
MVC Capital (NYSE:MVC) last released its earnings results on Monday, September 9th. The investment management company reported $0.16 earnings per share 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 for the quarter. On average, research analysts forecast that MVC Capital will post 0.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 25th were paid a $0.17 dividend. The ex-dividend date was Thursday, October 24th. This represents a $0.68 annualized dividend and a yield of 7.55%. This is a boost from MVC Capital’s previous quarterly dividend of $0.15. MVC Capital’s payout ratio is presently 340.00%.
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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