Insider Buying: Robert C. Knapp Acquires 176,600 Shares of MVC Capital Stock (MVC)
MVC Capital (NYSE:MVC) Director Robert C. Knapp purchased 176,600 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of $12.54 per share, for a total transaction of $2,214,564.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Maxim Group reiterated a “buy” rating on shares of MVC Capital in a research note on Thursday, June 12th. They now have a $17.50 price target on the stock.
Shares of MVC Capital (NYSE:MVC) traded up 2.85% on Friday, hitting $12.63. The stock had a trading volume of 2,435,281 shares. MVC Capital has a 52-week low of $12.14 and a 52-week high of $14.90. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $13.45.
MVC Capital (NYSE:MVC) last announced its earnings results on Friday, June 6th. The company reported ($0.72) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.78. Analysts expect that MVC Capital will post $0.15 EPS for the current fiscal year.
MVC Capital, Inc (NYSE:MVC) is a non-diversified, closed-end management investment company.
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