MMA Capital Management (MMAC) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of MMA Capital Management (NASDAQ:MMAC) from a hold rating to a buy rating in a research note published on Friday.

Shares of MMA Capital Management (NASDAQ MMAC) opened at $28.45 on Friday. The company has a quick ratio of 12.03, a current ratio of 12.03 and a debt-to-equity ratio of 0.95. MMA Capital Management has a 52 week low of $18.00 and a 52 week high of $30.58. The stock has a market cap of $157.76, a price-to-earnings ratio of 5.82 and a beta of 0.80.

MMA Capital Management (NASDAQ:MMAC) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter. MMA Capital Management had a net margin of 75.29% and a return on equity of 12.12%.

MMA Capital Management announced that its board has initiated a stock repurchase plan on Monday, January 8th that allows the company to repurchase shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

An institutional investor recently raised its position in MMA Capital Management stock. Catalyst Capital Advisors LLC lifted its holdings in MMA Capital Management LLC (NASDAQ:MMAC) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,480 shares of the financial services provider’s stock after purchasing an additional 2,700 shares during the period. Catalyst Capital Advisors LLC owned 0.85% of MMA Capital Management worth $1,240,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.83% of the company’s stock.

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MMA Capital Management Company Profile

MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.

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