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.

A number of institutional investors and hedge funds have recently made changes to their positions in MVC. Ancora Advisors LLC raised its stake in shares of MVC Capital by 4.8% in the third quarter. Ancora Advisors LLC now owns 279,198 shares of the investment management company’s stock valued at $2,694,000 after acquiring an additional 12,783 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of MVC Capital by 61.1% in the second quarter. Advisors Asset Management Inc. now owns 186,954 shares of the investment management company’s stock valued at $1,455,000 after acquiring an additional 70,880 shares during the last quarter. Putnam Investments LLC raised its stake in shares of MVC Capital by 22.7% in the third quarter. Putnam Investments LLC now owns 175,756 shares of the investment management company’s stock valued at $1,696,000 after acquiring an additional 32,484 shares during the last quarter. Marathon Trading Investment Management LLC bought a new position in shares of MVC Capital in the third quarter valued at approximately $381,000. Finally, Russell Investments Group Ltd. bought a new position in shares of MVC Capital in the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 41.41% of the company’s stock.

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.

Further Reading: Asset Allocation

Get a free copy of the Zacks research report on MVC Capital (MVC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MVC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVC Capital and related companies with MarketBeat.com's FREE daily email newsletter.