Royce & Associates LP decreased its position in shares of MVC Capital, Inc. (NYSE:MVC) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 987,813 shares of the investment management company’s stock after selling 173,845 shares during the quarter. Royce & Associates LP owned about 0.05% of MVC Capital worth $10,431,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. City of London Investment Management Co. Ltd. increased its position in MVC Capital by 59.7% during the third quarter. City of London Investment Management Co. Ltd. now owns 240,758 shares of the investment management company’s stock worth $2,411,000 after purchasing an additional 89,985 shares during the last quarter. Eagle Ridge Investment Management acquired a new position in MVC Capital during the fourth quarter worth approximately $630,000. JPMorgan Chase & Co. increased its position in MVC Capital by 86.5% during the third quarter. JPMorgan Chase & Co. now owns 29,544 shares of the investment management company’s stock worth $297,000 after purchasing an additional 13,706 shares during the last quarter. Advisors Asset Management Inc. increased its position in MVC Capital by 12.0% during the third quarter. Advisors Asset Management Inc. now owns 95,817 shares of the investment management company’s stock worth $959,000 after purchasing an additional 10,250 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in MVC Capital during the third quarter worth approximately $219,000. 47.66% of the stock is currently owned by institutional investors and hedge funds.
MVC has been the subject of several research analyst reports. Ladenburg Thalmann Financial Services initiated coverage on shares of MVC Capital in a research report on Thursday, January 11th. They set a “buy” rating and a $12.00 price target for the company. TheStreet lowered shares of MVC Capital from a “b” rating to a “c+” rating in a research report on Friday, December 29th.
Shares of MVC Capital, Inc. (MVC) opened at $10.16 on Monday. MVC Capital, Inc. has a 52-week low of $8.59 and a 52-week high of $10.97. The company has a current ratio of 37.37, a quick ratio of 37.37 and a debt-to-equity ratio of 0.40.
MVC Capital (NYSE:MVC) last released its quarterly earnings data on Tuesday, January 16th. The investment management company reported $0.09 earnings per share (EPS) for the quarter. MVC Capital had a net margin of 135.91% and a negative return on equity of 1.96%. The company had revenue of $5.49 million during the quarter. analysts forecast that MVC Capital, Inc. will post 0.51 EPS for the current fiscal year.
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MVC Capital Company Profile
MVC Capital, Inc is a non-diversified closed-end management investment company. The Company’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Company’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc (MVCFS).
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