MMA Capital Management (NASDAQ:MMAC) declared that its Board of Directors has initiated a share buyback program, which permits the company to repurchase outstanding shares on Monday, January 8th, EventVestor reports. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Shares of MMA Capital Management (NASDAQ MMAC) traded down $0.22 during midday trading on Tuesday, hitting $24.20. 7,000 shares of the stock were exchanged, compared to its average volume of 5,620. The firm has a market cap of $142.02, a P/E ratio of 4.95 and a beta of 1.19. MMA Capital Management has a 1 year low of $18.00 and a 1 year high of $26.60. The company has a quick ratio of 12.03, a current ratio of 12.03 and a debt-to-equity ratio of 0.95.

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MMA Capital Management Company Profile

MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.

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