MVC Capital, Inc. (NYSE:MVC) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $12.00 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 156 out of 255 based on the ratings given to related companies.
MVC has been the topic of a number of research reports. Maxim Group set a $13.00 target price on shares of MVC Capital and gave the stock a “buy” rating in a report on Saturday, September 14th. Zacks Investment Research lowered shares of MVC Capital from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, TheStreet lowered shares of MVC Capital from a “b” rating to a “c+” rating in a report on Monday, September 23rd.
MVC remained flat at $$9.00 during trading on Monday. 13,600 shares of the company’s stock were exchanged, compared to its average volume of 19,052. MVC Capital has a 52-week low of $7.96 and a 52-week high of $9.65. The company has a quick ratio of 13.06, a current ratio of 13.06 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $159.53 million, a PE ratio of 45.00 and a beta of 0.71. The stock has a 50 day moving average price of $8.91 and a two-hundred day moving average price of $9.09.
MVC Capital (NYSE:MVC) last posted 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 firm had revenue of $7.47 million for the quarter. As a group, equities research analysts anticipate that MVC Capital will post 0.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 25th were paid a $0.17 dividend. This is a positive change from MVC Capital’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date was Thursday, October 24th. MVC Capital’s dividend payout ratio is currently 340.00%.
Large investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake 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 valued at $63,000 after purchasing an additional 4,507 shares during the last quarter. United Capital Financial Advisers LLC purchased a new stake in MVC Capital in the second quarter valued at approximately $92,000. Wedbush Securities Inc. purchased a new stake in MVC Capital in the second quarter valued at approximately $109,000. Wolverine Trading LLC raised its stake in MVC Capital by 67.3% in the second quarter. Wolverine Trading LLC now owns 17,844 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 7,181 shares in the last quarter. Finally, Investment House LLC purchased a new stake in MVC Capital in the second quarter valued at approximately $207,000. 50.98% of the stock is currently owned by institutional investors.
MVC Capital Company Profile
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.
Recommended Story: Cost of Capital Explained
Get a free copy of the Zacks research report on MVC Capital (MVC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MVC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVC Capital and related companies with MarketBeat.com's FREE daily email newsletter.