Insider Buying: MVC Capital Director Purchases 35,882 Shares of Stock (MVC)
MVC Capital (NYSE:MVC) Director Robert C. Knapp purchased 35,882 shares of the stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average cost of $13.78 per share, with a total value of $494,453.96. The acquisition was disclosed in a filing with the SEC, which is available at this link.
MVC Capital (NYSE:MVC) traded up 0.86% during mid-day trading on Friday, hitting $14.03. 75,013 shares of the company’s stock traded hands. MVC Capital has a 52-week low of $11.95 and a 52-week high of $14.57. The stock’s 50-day moving average is $13.71 and its 200-day moving average is $13.30.
MVC Capital (NYSE:MVC) last posted its quarterly earnings results on Monday, January 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.17. Analysts expect that MVC Capital will post $0.58 EPS for the current fiscal year.
A number of research firms have recently commented on MVC. Analysts at Zacks upgraded shares of MVC Capital from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $13.90 price target on the stock.
MVC Capital, Inc (NYSE:MVC) is a non-diversified, closed-end management investment company.
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