MVC Capital (NYSE:MVC)‘s stock had its “buy” rating reaffirmed by research analysts at Maxim Group in a report released on Monday, AnalystRatings.com reports. They currently have a $13.00 price target on the investment management company’s stock. Maxim Group’s price target points to a potential upside of 40.85% from the stock’s previous close.
MVC has been the topic of a number of other reports. TheStreet cut MVC Capital from a “b” rating to a “c+” rating in a report on Monday, September 23rd. Zacks Investment Research cut MVC Capital from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.
Shares of MVC Capital stock opened at $9.23 on Monday. MVC Capital has a one year low of $8.62 and a one year high of $9.65. The stock’s fifty day moving average is $9.19 and its 200 day moving average is $9.11. The stock has a market cap of $163.60 million, a P/E ratio of 10.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 17.16 and a current ratio of 17.16.
MVC Capital (NYSE:MVC) last announced its earnings results on Tuesday, January 14th. The investment management company reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. MVC Capital had a return on equity of 5.13% and a net margin of 53.41%. The company had revenue of $8.05 million for the quarter.
Large investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its holdings in MVC Capital by 5.7% during the third 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. United Capital Financial Advisers LLC purchased a new position in shares of MVC Capital during the second quarter valued at about $92,000. Ancora Advisors LLC grew its position in shares of MVC Capital by 6.5% during the third quarter. Ancora Advisors LLC now owns 99,000 shares of the investment management company’s stock valued at $881,000 after purchasing an additional 6,000 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of MVC Capital by 43.8% during the third quarter. Wedbush Securities Inc. now owns 17,061 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of MVC Capital by 186.2% during the second quarter. Morgan Stanley now owns 6,927 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 4,507 shares in the last quarter. 50.65% of the stock is currently owned by institutional investors and hedge funds.
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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