Shares of MVC Capital, Inc. (NYSE:MVC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $12.00 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 159 out of 255 based on the ratings given to related companies.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded MVC Capital from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut MVC Capital from a “sell” rating to a “strong sell” rating in a report on Monday. TheStreet upgraded MVC Capital from a “c+” rating to a “b” rating in a report on Monday, June 4th. Finally, Maxim Group restated a “buy” rating and set a $12.50 price objective on shares of MVC Capital in a report on Thursday, March 15th.
In other MVC Capital news, Chairman Michael T. Tokarz acquired 3,889 shares of the company’s stock in a transaction that occurred on Thursday, April 12th. The stock was bought at an average price of $10.06 per share, for a total transaction of $39,123.34. Following the acquisition, the chairman now directly owns 979,932 shares in the company, valued at $9,858,115.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.91% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of MVC Capital by 114.7% in the 4th quarter. Millennium Management LLC now owns 123,588 shares of the investment management company’s stock worth $1,305,000 after buying an additional 66,036 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in MVC Capital during the fourth quarter worth about $487,000. Gabelli Funds LLC increased its position in MVC Capital by 4.0% during the first quarter. Gabelli Funds LLC now owns 129,000 shares of the investment management company’s stock worth $1,281,000 after acquiring an additional 5,000 shares during the period. Stilwell Value LLC increased its position in MVC Capital by 2,659.8% during the first quarter. Stilwell Value LLC now owns 240,321 shares of the investment management company’s stock worth $2,386,000 after acquiring an additional 231,613 shares during the period. Finally, Ancora Advisors LLC increased its position in MVC Capital by 7.3% during the first quarter. Ancora Advisors LLC now owns 265,447 shares of the investment management company’s stock worth $2,636,000 after acquiring an additional 17,983 shares during the period. Institutional investors and hedge funds own 46.19% of the company’s stock.
Shares of NYSE MVC traded down $0.19 during trading hours on Friday, hitting $9.31. 900 shares of the company traded hands, compared to its average volume of 43,447. The company has a market cap of $178.79 million, a P/E ratio of -27.59 and a beta of 0.68. 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 12 month low of $9.50 and a 12 month high of $10.97.
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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