Insider Selling: MVC Capital, Inc. (MVC) Director Sells 10,005 Shares of Stock

MVC Capital, Inc. (NYSE:MVC) Director Phillip Goldstein sold 10,005 shares of the firm’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $9.51, for a total transaction of $95,147.55. Following the completion of the transaction, the director now directly owns 22,149 shares of the company’s stock, valued at approximately $210,636.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Phillip Goldstein also recently made the following trade(s):

  • On Tuesday, October 2nd, Phillip Goldstein sold 18,855 shares of MVC Capital stock. The shares were sold at an average price of $9.59, for a total transaction of $180,819.45.
  • On Friday, September 21st, Phillip Goldstein sold 5,291 shares of MVC Capital stock. The shares were sold at an average price of $9.75, for a total transaction of $51,587.25.
  • On Monday, September 24th, Phillip Goldstein sold 8,802 shares of MVC Capital stock. The shares were sold at an average price of $9.76, for a total transaction of $85,907.52.

Shares of MVC opened at $9.42 on Monday. MVC Capital, Inc. has a one year low of $9.25 and a one year high of $10.97. The stock has a market capitalization of $181.62 million, a PE ratio of -27.71 and a beta of 0.66. The company has a quick ratio of 63.15, a current ratio of 63.15 and a debt-to-equity ratio of 0.48.

Several institutional investors and hedge funds have recently made changes to their positions in MVC. Arlington Financial Advisors LLC bought a new position in shares of MVC Capital in the 2nd quarter valued at about $113,000. Russell Investments Group Ltd. bought a new position in shares of MVC Capital in the 2nd quarter valued at about $150,000. RMB Capital Management LLC bought a new position in shares of MVC Capital in the 1st quarter valued at about $298,000. Legal & General Group Plc grew its position in shares of MVC Capital by 11.9% in the 1st quarter. Legal & General Group Plc now owns 75,747 shares of the investment management company’s stock valued at $754,000 after acquiring an additional 8,063 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of MVC Capital by 32.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 153,202 shares of the investment management company’s stock valued at $1,455,000 after acquiring an additional 37,128 shares during the period. 43.00% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on MVC shares. Maxim Group reaffirmed a “buy” rating and issued a $12.50 target price on shares of MVC Capital in a research report on Wednesday, June 13th. TheStreet downgraded shares of MVC Capital from a “b” rating to a “c” rating in a research report on Thursday, September 20th. ValuEngine raised shares of MVC Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research raised shares of MVC Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.25.

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.

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Insider Buying and Selling by Quarter for MVC Capital (NYSE:MVC)

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