MVC Capital (NYSE:MVC) Stock Rating Reaffirmed by Maxim Group

Maxim Group reissued their buy rating on shares of MVC Capital (NYSE:MVC) in a research note released on Monday morning, AnalystRatings.com reports. They currently have a $13.00 price objective on the investment management company’s stock.

MVC has been the topic of several other research reports. Zacks Investment Research downgraded shares of MVC Capital from a buy rating to a hold rating in a report on Wednesday, November 13th. TheStreet downgraded shares of MVC Capital from a b rating to a c+ rating in a report on Monday, September 23rd.

Shares of NYSE:MVC opened at $9.61 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 17.16 and a quick ratio of 17.16. MVC Capital has a 1-year low of $8.62 and a 1-year high of $9.73. The company has a market capitalization of $164.49 million, a P/E ratio of 10.45 and a beta of 0.71. The firm’s 50 day simple moving average is $9.22 and its two-hundred day simple moving average is $9.11.

MVC Capital (NYSE:MVC) last issued its quarterly earnings results on Tuesday, January 14th. The investment management company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. MVC Capital had a net margin of 53.41% and a return on equity of 5.13%. The business had revenue of $8.05 million for the quarter. On average, sell-side analysts anticipate that MVC Capital will post 0.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Thursday, January 2nd. MVC Capital’s dividend payout ratio (DPR) is presently 104.62%.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in MVC Capital by 186.2% during the second 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 in the last quarter. United Capital Financial Advisers LLC purchased a new stake in MVC Capital during the second quarter valued at $92,000. Wedbush Securities Inc. raised its stake in MVC Capital by 43.8% during the third quarter. Wedbush Securities Inc. now owns 17,061 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 5,200 shares in the last quarter. Wolverine Trading LLC raised its stake in MVC Capital by 67.3% during 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, California Public Employees Retirement System raised its stake in MVC Capital by 5.7% during the third quarter. California Public Employees Retirement System now owns 51,700 shares of the investment management company’s stock valued at $460,000 after purchasing an additional 2,800 shares in the last quarter. 50.65% of the stock is currently owned by hedge funds and other institutional investors.

About MVC Capital

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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