Insider Buying: MVC Capital Director Purchases 25,000 Shares of Stock (MVC)
MVC Capital (NYSE:MVC) Director Robert C. Knapp purchased 25,000 shares of the company’s stock on the open market in a transaction dated Friday, January 24th. The shares were purchased at an average price of $14.20 per share, with a total value of $355,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MVC Capital (NYSE:MVC) traded up 0.21% on Monday, hitting $14.26. 159,472 shares of the company’s stock traded hands. MVC Capital has a one year low of $11.95 and a one year high of $14.57. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $13.36.
MVC Capital (NYSE:MVC) last posted its quarterly earnings results on Monday, January 13th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.17. Analysts expect that MVC Capital will post $0.58 EPS for the current fiscal year.
Separately, 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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