Michael T. Tokarz Acquires 2,500 Shares of MVC Capital, Inc. (MVC) Stock

MVC Capital, Inc. (NYSE:MVC) Chairman Michael T. Tokarz bought 2,500 shares of the business’s stock in a transaction on Monday, March 19th. The shares were acquired at an average price of $10.12 per share, for a total transaction of $25,300.00. Following the completion of the transaction, the chairman now owns 943,543 shares in the company, valued at approximately $9,548,655.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of MVC stock traded down $0.16 during trading hours on Friday, hitting $9.93. 32,805 shares of the company were exchanged, compared to its average volume of 32,657. The firm has a market cap of $189.90, a P/E ratio of 9.19 and a beta of 0.67. The company has a quick ratio of 41.20, a current ratio of 41.20 and a debt-to-equity ratio of 0.44. MVC Capital, Inc. has a 1-year low of $8.59 and a 1-year high of $10.97.

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MVC Capital (NYSE:MVC) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $0.09 earnings per share for the quarter. The business had revenue of $5.49 million for the quarter. MVC Capital had a net margin of 108.96% and a negative return on equity of 1.84%. equities analysts anticipate that MVC Capital, Inc. will post 0.18 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. City of London Investment Management Co. Ltd. increased its stake in MVC Capital by 59.7% during the 3rd 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 in the last quarter. Millennium Management LLC increased its stake in MVC Capital by 114.7% during the 4th quarter. Millennium Management LLC now owns 123,588 shares of the investment management company’s stock worth $1,305,000 after purchasing an additional 66,036 shares in the last quarter. Eagle Ridge Investment Management bought a new stake in MVC Capital during the 4th quarter worth approximately $630,000. Arrowstreet Capital Limited Partnership bought a new stake in MVC Capital during the 4th quarter worth approximately $487,000. Finally, Gendell Jeffrey L increased its stake in MVC Capital by 4.3% during the 4th quarter. Gendell Jeffrey L now owns 481,661 shares of the investment management company’s stock worth $5,086,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 46.36% of the company’s stock.

MVC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of MVC Capital from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. 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 target price on the stock. Maxim Group restated a “buy” rating and set a $12.50 target price on shares of MVC Capital in a research report on Thursday, March 15th. Finally, TheStreet downgraded shares of MVC Capital from a “b” rating to a “c+” rating in a research report on Friday, December 29th.

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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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