MMA Capital Management (NASDAQ:MMAC) posted its quarterly earnings data on Friday. The financial services provider reported $1.41 EPS for the quarter, Morningstar.com reports. The business had revenue of $2.81 million for the quarter. MMA Capital Management had a return on equity of 7.26% and a net margin of 127.87%.
Shares of MMAC remained flat at $$26.25 during trading hours on Friday. The company had a trading volume of 137 shares, compared to its average volume of 8,245. The company has a current ratio of 32.13, a quick ratio of 12.64 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $150.38 million, a price-to-earnings ratio of 10.89 and a beta of 0.42. MMA Capital Management has a fifty-two week low of $23.70 and a fifty-two week high of $30.58.
In related news, Director James Christopher Hunt acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average price of $26.79 per share, with a total value of $53,580.00. Following the completion of the purchase, the director now directly owns 3,500 shares in the company, valued at $93,765. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David C. Bjarnason acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average cost of $26.13 per share, for a total transaction of $26,130.00. Following the purchase, the chief financial officer now owns 6,650 shares of the company’s stock, valued at $173,764.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 20,277 shares of company stock worth $547,300. Corporate insiders own 18.30% of the company’s stock.
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MMA Capital Management Company Profile
MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. Its investments in debt securities 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; and guarantees to the institutional investors related to the receipt of tax credits.
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