MVC Capital (MVC) Receives Daily Media Sentiment Rating of 0.13
News headlines about MVC Capital (NYSE:MVC) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MVC Capital earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 45.5738510410045 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
MVC Capital (NYSE MVC) opened at 10.18 on Friday. The company’s 50-day moving average price is $10.09 and its 200 day moving average price is $9.63. MVC Capital has a 12 month low of $8.22 and a 12 month high of $10.47.
MVC Capital announced that its board has authorized a share repurchase program on Friday, July 21st that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the investment management company to purchase shares of its stock through a dutch auction. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
About MVC Capital
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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