Analysts Set $12.00 Price Target for MVC Capital, Inc. (MVC)

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Shares of MVC Capital, Inc. (NYSE:MVC) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also assigned MVC Capital an industry rank of 68 out of 257 based on the ratings given to related companies.

Several analysts recently issued reports on MVC shares. Zacks Investment Research cut MVC Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 3rd. ValuEngine raised MVC Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Maxim Group reaffirmed a “buy” rating and set a $12.50 price objective on shares of MVC Capital in a research report on Thursday, September 27th. Finally, TheStreet cut MVC Capital from a “b” rating to a “c” rating in a research report on Thursday, September 20th.

NYSE MVC opened at $8.96 on Wednesday. The company has a current ratio of 63.15, a quick ratio of 63.15 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $168.82 million, a P/E ratio of -26.35 and a beta of 0.62. MVC Capital has a 1 year low of $8.93 and a 1 year high of $10.97.

MVC Capital (NYSE:MVC) last posted its earnings results on Monday, September 10th. The investment management company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $6.21 million for the quarter. MVC Capital had a positive return on equity of 1.45% and a negative net margin of 55.08%. As a group, analysts anticipate that MVC Capital will post 0.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Thursday, October 25th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 24th. This represents a $0.60 annualized dividend and a yield of 6.70%. MVC Capital’s payout ratio is -176.47%.

In other MVC Capital news, Director Phillip Goldstein sold 449,476 shares of MVC Capital stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $9.41, for a total transaction of $4,229,569.16. Following the sale, the director now directly owns 22,149 shares of the company’s stock, valued at approximately $208,422.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 492,429 shares of company stock worth $4,643,031. Insiders own 12.58% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its position in MVC Capital by 11.9% during the 1st quarter. Legal & General Group Plc now owns 75,747 shares of the investment management company’s stock valued at $754,000 after acquiring an additional 8,063 shares in the last quarter. Arlington Financial Advisors LLC bought a new stake in MVC Capital during the 2nd quarter valued at approximately $113,000. Ancora Advisors LLC boosted its position in MVC Capital by 4.8% during the 3rd 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 in the last quarter. Russell Investments Group Ltd. bought a new stake in MVC Capital during the 2nd quarter valued at approximately $150,000. Finally, Putnam Investments LLC boosted its position in MVC Capital by 22.7% during the 3rd 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 in the last quarter. 40.71% of the stock is currently owned by institutional investors and hedge funds.

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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