MVC Capital, Inc. (NYSE:MVC) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers 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 154 out of 255 based on the ratings given to related companies.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered MVC Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Maxim Group set a $13.00 target price on MVC Capital and gave the company a “buy” rating in a research note on Saturday, September 14th. Finally, TheStreet lowered MVC Capital from a “b” rating to a “c+” rating in a research note on Monday, September 23rd.
MVC Capital (NYSE:MVC) last announced its earnings results on Monday, September 9th. The investment management company reported $0.16 earnings per share for the quarter. MVC Capital had a return on equity of 4.51% and a net margin of 38.77%. The company had revenue of $7.47 million during the quarter. On average, analysts forecast that MVC Capital will post 0.63 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in MVC. Morgan Stanley boosted its holdings in MVC Capital by 186.2% in the second quarter. Morgan Stanley now owns 6,927 shares of the investment management company’s stock valued at $63,000 after acquiring an additional 4,507 shares during the last quarter. United Capital Financial Advisers LLC bought a new position in MVC Capital in the second quarter valued at about $92,000. Wedbush Securities Inc. bought a new position in MVC Capital in the second quarter valued at about $109,000. Wolverine Trading LLC boosted its holdings in MVC Capital by 67.3% in the second quarter. Wolverine Trading LLC now owns 17,844 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 7,181 shares during the last quarter. Finally, Investment House LLC bought a new position in MVC Capital in the second quarter valued at about $207,000. Institutional investors own 50.65% of the company’s stock.
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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