Stock analysts at Ladenburg Thalmann Financial Services initiated coverage on shares of MVC Capital (NYSE:MVC) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $12.00 price target on the investment management company’s stock. Ladenburg Thalmann Financial Services’ price target suggests a potential upside of 11.84% from the stock’s previous close.

Several other research analysts have also weighed in on MVC. TheStreet lowered shares of MVC Capital from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Maxim Group reissued a “buy” rating and set a $12.50 price objective on shares of MVC Capital in a research note on Tuesday, October 24th.

MVC Capital (MVC) opened at $10.73 on Thursday. The stock has a market cap of $226.55, a PE ratio of 6.62 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 34.79 and a quick ratio of 34.79. MVC Capital has a one year low of $8.45 and a one year high of $10.97.

MVC Capital declared that its board has authorized a stock repurchase program on Monday, October 23rd that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the investment management company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in MVC. Boothbay Fund Management LLC boosted its stake in MVC Capital by 50.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 20,000 shares of the investment management company’s stock worth $200,000 after acquiring an additional 6,693 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in MVC Capital during the 3rd quarter worth approximately $219,000. JPMorgan Chase & Co. raised its holdings in MVC Capital by 86.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,544 shares of the investment management company’s stock worth $297,000 after buying an additional 13,706 shares during the period. Legal & General Group Plc raised its holdings in MVC Capital by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 54,808 shares of the investment management company’s stock worth $542,000 after buying an additional 3,256 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in MVC Capital by 12.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 95,817 shares of the investment management company’s stock worth $959,000 after buying an additional 10,250 shares during the period. 41.63% of the stock is currently owned by institutional investors and hedge funds.

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MVC Capital Company Profile

MVC Capital, Inc is a non-diversified closed-end management investment company. The Company’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Company’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc (MVCFS).

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