MVC Capital, Inc. (NYSE:MVC) major shareholder Mvc Capital, Inc. sold 608,310 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1.62, for a total transaction of $985,462.20. Following the transaction, the insider now owns 3,228,024 shares of the company’s stock, valued at $5,229,398.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mvc Capital, Inc. also recently made the following trade(s):

  • On Monday, July 29th, Mvc Capital, Inc. sold 608,310 shares of MVC Capital stock. The stock was sold at an average price of $1.70, for a total transaction of $1,034,127.00.
  • On Wednesday, July 24th, Mvc Capital, Inc. sold 1,216,620 shares of MVC Capital stock. The stock was sold at an average price of $1.70, for a total transaction of $2,068,254.00.

Shares of NYSE:MVC traded down $0.04 during trading on Tuesday, hitting $9.16. 5,913 shares of the company were exchanged, compared to its average volume of 18,220. The stock has a 50 day simple moving average of $9.38. The firm has a market cap of $166.96 million, a P/E ratio of 45.81 and a beta of 0.74. The company has a quick ratio of 8.77, a current ratio of 8.77 and a debt-to-equity ratio of 0.49. MVC Capital, Inc. has a 1-year low of $7.96 and a 1-year high of $9.89.

MVC Capital (NYSE:MVC) last posted its quarterly earnings data on Monday, June 10th. The investment management company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.15. The business had revenue of $8.59 million during the quarter. MVC Capital had a return on equity of 4.54% and a net margin of 17.72%. On average, equities research analysts expect that MVC Capital, Inc. will post 0.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 25th were issued a $0.15 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 6.55%. MVC Capital’s payout ratio is 300.00%.

MVC has been the subject of several research analyst reports. Maxim Group reiterated a “buy” rating and set a $13.00 price target on shares of MVC Capital in a report on Thursday, June 13th. Zacks Investment Research upgraded shares of MVC Capital from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, June 18th. Finally, TheStreet upgraded shares of MVC Capital from a “c” rating to a “b” rating in a report on Wednesday, June 12th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. United Capital Financial Advisers LLC bought a new stake in MVC Capital during the second quarter valued at $92,000. Wedbush Securities Inc. bought a new stake in MVC Capital during the second quarter valued at $109,000. Investment House LLC bought a new stake in MVC Capital during the second quarter valued at $207,000. Bank of America Corp DE boosted its position in 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. Finally, Virtus ETF Advisers LLC bought a new stake in MVC Capital during the second quarter valued at $1,950,000. Institutional investors and hedge funds own 49.25% 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.

See Also: Real Estate Investment Trust (REIT) ETF

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

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