MVC Capital (MVC) Receiving Somewhat Favorable Press Coverage, Analysis Shows
News headlines about MVC Capital (NYSE:MVC) have been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. 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 coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.0918042245781 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded MVC Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut MVC Capital from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Maxim Group reiterated a “buy” rating and issued a $12.50 price objective on shares of MVC Capital in a research note on Wednesday, June 13th. Finally, TheStreet upgraded MVC Capital from a “c+” rating to a “b” rating in a research note on Monday, June 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. MVC Capital has an average rating of “Hold” and an average target price of $12.25.
MVC Capital remained flat at $$9.46 on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 5,740 shares, compared to its average volume of 25,801. The company has a debt-to-equity ratio of 0.46, a quick ratio of 12.20 and a current ratio of 12.20. MVC Capital has a one year low of $9.25 and a one year high of $10.97. The stock has a market capitalization of $178.04 million, a PE ratio of -27.82 and a beta of 0.68.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Thursday, July 26th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Wednesday, July 25th. MVC Capital’s payout ratio is currently -176.47%.
In related news, Chairman Michael T. Tokarz bought 5,000 shares of the company’s stock in a transaction dated Tuesday, July 10th. The shares were acquired at an average price of $9.36 per share, with a total value of $46,800.00. Following the completion of the acquisition, the chairman now owns 984,932 shares in the company, valued at approximately $9,218,963.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 10.91% 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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