James Christopher Hunt Purchases 3,215 Shares of Municipal Mortgage & Equity, LLC (MMAC) Stock

Municipal Mortgage & Equity, LLC (NASDAQ:MMAC) Director James Christopher Hunt bought 3,215 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was purchased at an average price of $26.94 per share, for a total transaction of $86,612.10. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $67,350. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

James Christopher Hunt also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Friday, March 9th, James Christopher Hunt bought 125,000 shares of Municipal Mortgage & Equity stock. The stock was purchased at an average price of $33.00 per share, for a total transaction of $4,125,000.00.

Shares of NASDAQ MMAC opened at $27.20 on Friday. The company has a market capitalization of $156.21, a PE ratio of 8.98 and a beta of 0.83. Municipal Mortgage & Equity, LLC has a 52-week low of $18.00 and a 52-week high of $30.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 10.49 and a current ratio of 10.49.

Municipal Mortgage & Equity (NASDAQ:MMAC) last issued its earnings results on Friday, March 16th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $7.67 million for the quarter. Municipal Mortgage & Equity had a net margin of 46.92% and a return on equity of 7.97%.

Municipal Mortgage & Equity declared that its Board of Directors has initiated a stock repurchase program on Monday, January 8th that permits the company to repurchase outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Separately, ValuEngine upgraded shares of Municipal Mortgage & Equity from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of Municipal Mortgage & Equity by 8.4% in the fourth quarter. Deutsche Bank AG now owns 36,200 shares of the financial services provider’s stock worth $879,000 after buying an additional 2,800 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Municipal Mortgage & Equity in the fourth quarter worth approximately $127,000. Renaissance Technologies LLC lifted its stake in shares of Municipal Mortgage & Equity by 41.9% in the fourth quarter. Renaissance Technologies LLC now owns 15,551 shares of the financial services provider’s stock worth $378,000 after buying an additional 4,589 shares in the last quarter. Santa Monica Partners LP bought a new position in shares of Municipal Mortgage & Equity in the fourth quarter worth approximately $729,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Municipal Mortgage & Equity by 101.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,833 shares of the financial services provider’s stock worth $142,000 after buying an additional 2,939 shares in the last quarter. Hedge funds and other institutional investors own 11.41% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “James Christopher Hunt Purchases 3,215 Shares of Municipal Mortgage & Equity, LLC (MMAC) Stock” was originally posted by WKRB News and is the property of of WKRB News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/04/01/james-christopher-hunt-purchases-3215-shares-of-municipal-mortgage-equity-llc-mmac-stock.html.

Municipal Mortgage & Equity Company Profile

MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. Its bond portfolio primarily comprises multifamily tax-exempt bonds, as well as other real estate related bond investments. The company offers leveraged bonds; low-income housing tax credits; asset management and administrative services to a limited liability company and a commercial bank; guarantees to third parties related to the receipt of tax credits; and debt capital to develop build, and operate renewable energy systems.

Insider Buying and Selling by Quarter for Municipal Mortgage & Equity (NASDAQ:MMAC)

Receive News & Ratings for Municipal Mortgage & Equity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Municipal Mortgage & Equity and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply