MMA Capital Management (MMAC) Posts Quarterly Earnings Results

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MMA Capital Management (NASDAQ:MMAC) posted its quarterly earnings data on Friday. The financial services provider reported $1.41 EPS for the quarter, Morningstar.com reports. MMA Capital Management had a net margin of 127.87% and a return on equity of 7.26%. The business had revenue of $2.81 million during the quarter.

Shares of NASDAQ MMAC remained flat at $$26.25 during midday trading on Friday. 137 shares of the stock traded hands, compared to its average volume of 8,245. The company has a current ratio of 32.13, a quick ratio of 12.64 and a debt-to-equity ratio of 1.09. MMA Capital Management has a twelve month low of $23.70 and a twelve month high of $30.58. The stock has a market capitalization of $150.38 million, a price-to-earnings ratio of 10.89 and a beta of 0.42.

In other MMA Capital Management news, Director James Christopher Hunt acquired 1,000 shares of the stock in a transaction dated Thursday, August 30th. The stock was acquired at an average price of $26.95 per share, with a total value of $26,950.00. Following the completion of the purchase, the director now owns 3,500 shares in the company, valued at approximately $94,325. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders bought 20,277 shares of company stock valued at $547,300. Insiders own 18.30% of the company’s stock.

An institutional investor recently raised its position in MMA Capital Management stock. Dimensional Fund Advisors LP raised its position in MMA Capital Management LLC (NASDAQ:MMAC) by 107.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,887 shares of the financial services provider’s stock after acquiring an additional 9,764 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.33% of MMA Capital Management worth $514,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.68% of the company’s stock.

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MMA Capital Management Company Profile

MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. Its investments in debt securities comprises multifamily tax-exempt bonds, as well as other real estate related bond investments. The company offers leveraged bonds; low-income housing tax credits; asset management and administrative services to a limited liability company and a commercial bank; and guarantees to the institutional investors related to the receipt of tax credits.

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Earnings History for MMA Capital Management (NASDAQ:MMAC)

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