Short Interest in MMA Capital Holdings Inc (NASDAQ:MMAC) Declines By 19.2%

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MMA Capital Holdings Inc (NASDAQ:MMAC) saw a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 29,900 shares, a decline of 19.2% from the November 14th total of 37,000 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is presently 2.9 days. Approximately 0.7% of the shares of the company are sold short.

MMAC has been the subject of a number of research reports. ValuEngine raised shares of MMA Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. TheStreet lowered shares of MMA Capital from a “b+” rating to a “c+” rating in a research note on Wednesday.

NASDAQ:MMAC traded up $0.38 during trading hours on Friday, reaching $31.46. The stock had a trading volume of 15,933 shares, compared to its average volume of 11,912. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.30 and a current ratio of 38.76. The stock has a 50 day simple moving average of $32.03 and a 200 day simple moving average of $31.43. MMA Capital has a 12-month low of $20.02 and a 12-month high of $35.50. The stock has a market cap of $181.44 million, a P/E ratio of 14.44 and a beta of 0.60.

In related news, Director James Christopher Hunt acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was acquired at an average price of $31.23 per share, for a total transaction of $31,230.00. Insiders have bought a total of 4,800 shares of company stock worth $150,379 over the last quarter. Company insiders own 17.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of MMA Capital by 1,682.5% during the 2nd quarter. BlackRock Inc. now owns 198,932 shares of the financial services provider’s stock worth $6,658,000 after acquiring an additional 187,772 shares during the period. Vanguard Group Inc. boosted its position in MMA Capital by 21.5% during the second quarter. Vanguard Group Inc. now owns 145,428 shares of the financial services provider’s stock worth $4,867,000 after purchasing an additional 25,737 shares during the period. State Street Corp boosted its position in MMA Capital by 10.7% during the third quarter. State Street Corp now owns 57,893 shares of the financial services provider’s stock worth $1,737,000 after purchasing an additional 5,592 shares during the period. Bowling Portfolio Management LLC purchased a new position in shares of MMA Capital in the third quarter worth about $668,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of MMA Capital in the second quarter worth about $474,000. Hedge funds and other institutional investors own 21.04% of the company’s stock.

MMA Capital Company Profile

MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.

Further Reading: Percentage Decliners

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