Insider Buying: MVC Capital, Inc. (NYSE:MVC) Chairman Acquires $103,707.16 in Stock
MVC Capital, Inc. (NYSE:MVC) Chairman Michael T. Tokarz bought 11,068 shares of MVC Capital stock in a transaction on Monday, July 8th. The shares were purchased at an average cost of $9.37 per share, for a total transaction of $103,707.16. Following the completion of the purchase, the chairman now directly owns 998,100 shares of the company’s stock, valued at $9,352,197. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of MVC opened at $9.45 on Friday. MVC Capital, Inc. has a 1-year low of $7.96 and a 1-year high of $9.91. The firm has a market capitalization of $167.86 million, a PE ratio of 47.25 and a beta of 0.74. The company’s 50-day moving average is $9.19. The company has a current ratio of 8.77, a quick ratio of 8.77 and a debt-to-equity ratio of 0.49.
MVC Capital (NYSE:MVC) last announced its quarterly earnings results on Monday, June 10th. The investment management company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.15. MVC Capital had a net margin of 17.72% and a return on equity of 4.54%. The business had revenue of $8.59 million during the quarter. Equities analysts forecast that MVC Capital, Inc. will post 0.62 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of MVC Capital by 12.4% during the fourth quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 4,023 shares during the last quarter. Ancora Advisors LLC increased its position in shares of MVC Capital by 1.7% during the fourth quarter. Ancora Advisors LLC now owns 284,028 shares of the investment management company’s stock valued at $2,332,000 after acquiring an additional 4,830 shares during the last quarter. Almitas Capital LLC grew its holdings in shares of MVC Capital by 12.8% in the first quarter. Almitas Capital LLC now owns 566,180 shares of the investment management company’s stock valued at $5,135,000 after purchasing an additional 64,145 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of MVC Capital by 1.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 793,405 shares of the investment management company’s stock valued at $7,196,000 after purchasing an additional 10,754 shares in the last quarter. Institutional investors and hedge funds own 49.30% of the company’s stock.
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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