MCG Capital Corp. Now Covered by MLV Capital (MCGC)
Equities researchers at MLV Capital began coverage on shares of MCG Capital Corp. (NASDAQ:MCGC) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
MCG Capital Corp. (NASDAQ:MCGC) traded up 1.06% on Tuesday, hitting $4.75. 733,383 shares of the company’s stock traded hands. MCG Capital Corp. has a 52-week low of $4.25 and a 52-week high of $5.55. The stock’s 50-day moving average is $4.52 and its 200-day moving average is $4.92. The company has a market cap of $338.3 million and a P/E ratio of 12.91.
MCG Capital Corp. (NASDAQ:MCGC) last released its earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The company had revenue of $13.20 million for the quarter, compared to the consensus estimate of $13.64 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that MCG Capital Corp. will post $0.44 earnings per share for the current fiscal year.
MCGC has been the subject of a number of other recent research reports. Analysts at Compass Point cut their price target on shares of MCG Capital Corp. from $5.25 to $4.50 in a research note to investors on Monday, November 4th. They now have a “neutral” rating on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of MCG Capital Corp. from $5.50 to $5.00 in a research note to investors on Thursday, October 31st.
MCG Capital Corporation is a solutions-focused commercial finance company that provides capital and advisory services to middle-market companies throughout the United States.
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