Punch & Associates Investment Management Inc. grew its position in MVC Capital, Inc. (NYSE:MVC) by 9.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 245,237 shares of the investment management company’s stock after acquiring an additional 22,079 shares during the period. Punch & Associates Investment Management Inc.’s holdings in MVC Capital were worth $2,418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MVC. BB&T Securities LLC grew its position in MVC Capital by 12.7% during the 2nd quarter. BB&T Securities LLC now owns 12,638 shares of the investment management company’s stock worth $124,000 after acquiring an additional 1,429 shares during the last quarter. Eagle Global Advisors LLC raised its position in MVC Capital by 2.6% in the second quarter. Eagle Global Advisors LLC now owns 39,347 shares of the investment management company’s stock valued at $388,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc raised its position in MVC Capital by 6.3% in the second quarter. Legal & General Group Plc now owns 54,808 shares of the investment management company’s stock valued at $542,000 after purchasing an additional 3,256 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its position in MVC Capital by 88.5% in the second quarter. City of London Investment Management Co. Ltd. now owns 150,773 shares of the investment management company’s stock valued at $1,490,000 after purchasing an additional 70,773 shares during the last quarter. Institutional investors own 43.50% of the company’s stock.

Shares of MVC Capital, Inc. (NYSE:MVC) traded up 0.29% during mid-day trading on Wednesday, hitting $10.25. The stock had a trading volume of 6,617 shares. MVC Capital, Inc. has a 12 month low of $8.22 and a 12 month high of $10.47. The firm has a 50 day moving average price of $10.09 and a 200-day moving average price of $9.61.

MVC Capital announced that its board has authorized a share buyback program on Friday, July 21st that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the investment management company to buy shares of its stock through a dutch auction. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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).

Institutional Ownership by Quarter for MVC Capital (NYSE:MVC)

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