Insider Buying: MVC Capital, Inc. (MVC) Chairman Buys 2,100 Shares of Stock

MVC Capital, Inc. (NYSE:MVC) Chairman Michael T. Tokarz acquired 2,100 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $9.20 per share, for a total transaction of $19,320.00. Following the transaction, the chairman now owns 987,032 shares of the company’s stock, valued at $9,080,694.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of MVC stock opened at $9.16 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 10.30 and a current ratio of 10.30. The firm has a market capitalization of $162.76 million, a PE ratio of 45.78 and a beta of 0.77. MVC Capital, Inc. has a 12 month low of $7.96 and a 12 month high of $10.16.

MVC Capital (NYSE:MVC) last announced its quarterly earnings data on Monday, January 14th. The investment management company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). MVC Capital had a positive return on equity of 1.19% and a negative net margin of 60.27%. The business had revenue of $5.97 million during the quarter. Analysts anticipate that MVC Capital, Inc. will post 0.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.55%. The ex-dividend date is Monday, April 22nd. MVC Capital’s dividend payout ratio (DPR) is currently 300.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MVC. Stilwell Value LLC raised its position in MVC Capital by 39.1% during the fourth quarter. Stilwell Value LLC now owns 334,320 shares of the investment management company’s stock worth $2,745,000 after acquiring an additional 93,999 shares in the last quarter. Putnam Investments LLC raised its position in MVC Capital by 22.7% during the third quarter. Putnam Investments LLC now owns 175,756 shares of the investment management company’s stock worth $1,696,000 after acquiring an additional 32,484 shares in the last quarter. West Family Investments Inc. raised its position in MVC Capital by 0.8% during the fourth quarter. West Family Investments Inc. now owns 1,221,628 shares of the investment management company’s stock worth $10,072,000 after acquiring an additional 9,999 shares in the last quarter. Ancora Advisors LLC raised its position in MVC Capital by 1.7% during the fourth quarter. Ancora Advisors LLC now owns 284,028 shares of the investment management company’s stock worth $2,332,000 after acquiring an additional 4,830 shares in the last quarter. Finally, Bank of America Corp DE raised its position in MVC Capital by 12.4% during the fourth quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock worth $299,000 after acquiring an additional 4,023 shares in the last quarter. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Maxim Group reissued a “buy” rating and issued a $11.00 price objective on shares of MVC Capital in a research report on Wednesday, March 13th.

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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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Insider Buying and Selling by Quarter for MVC Capital (NYSE:MVC)

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