Zacks: Brokerages Set $12.00 Price Target for MVC Capital, Inc. (MVC)
Shares of MVC Capital, Inc. (NYSE:MVC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 166 out of 256 based on the ratings given to related companies.
MVC has been the topic of a number of recent research reports. Zacks Investment Research raised MVC Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. TheStreet downgraded MVC Capital from a “b” rating to a “c” rating in a research report on Thursday, September 20th. Finally, Maxim Group reissued a “buy” rating and set a $12.50 target price on shares of MVC Capital in a research report on Thursday, September 27th.
MVC Capital stock traded up $0.04 during mid-day trading on Tuesday, hitting $8.98. 378 shares of the company’s stock were exchanged, compared to its average volume of 37,358. The company has a debt-to-equity ratio of 0.48, a current ratio of 63.15 and a quick ratio of 63.15. The company has a market capitalization of $168.82 million, a price-to-earnings ratio of -26.41 and a beta of 0.63. MVC Capital has a 1-year low of $7.96 and a 1-year high of $10.87.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 9th. Shareholders of record on Wednesday, January 2nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Monday, December 31st. MVC Capital’s dividend payout ratio is -176.47%.
About MVC Capital
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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