MMA Capital Management (NASDAQ:MMAC) declared that its board has initiated a stock repurchase plan, which permits the company to repurchase outstanding shares on Monday, January 8th, EventVestor reports. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
MMA Capital Management (NASDAQ MMAC) opened at $27.95 on Wednesday. The stock has a market capitalization of $142.02, a PE ratio of 5.72 and a beta of 1.19. MMA Capital Management has a 1-year low of $18.00 and a 1-year high of $30.58. The company has a quick ratio of 12.03, a current ratio of 12.03 and a debt-to-equity ratio of 0.95.
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MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.
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