Zacks Downgrades MVC Capital to Underperform (MVC)
MVC Capital (NYSE:MVC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a $13.10 price target on the stock. Zacks‘ price objective points to a potential downside of 6.70% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group raised their price target on shares of MVC Capital from $16.50 to $17.50 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock.
MVC Capital (NYSE:MVC) remained flat at $14.04 during during mid-day trading trading on Tuesday. The stock had a trading volume of 42,303 shares. MVC Capital has a one year low of $11.60 and a one year high of $13.17. The stock has a 50-day moving average of $12.58 and a 200-day moving average of $12.75. The company has a market cap of $317.5 million and a P/E ratio of 11.39.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Thursday, October 24th will be paid a dividend of $0.14 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, October 22nd.
MVC Capital, Inc (NYSE:MVC) is a non-diversified, closed-end management investment company.
To view Zacks’ full report, visit www.zacks.com
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