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Municipal Mortgage & Equity (NASDAQ:MMAB) EVP Gary A. Mentesana acquired 13,260 shares of the company’s stock on the open market in a transaction dated Friday, June 27th. The shares were purchased at an average price of $1.89 per share, for a total transaction of $25,061.40. Following the acquisition, the executive vice president now directly owns 443,996 shares in the company, valued at approximately $839,152. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Municipal Mortgage & Equity (NASDAQ:MMAB) opened at 1.86 on Tuesday. Municipal Mortgage & Equity has a one year low of $1.05 and a one year high of $1.95. The stock’s 50-day moving average is $1.86 and its 200-day moving average is $1.5. The company has a market cap of $73.0 million and a price-to-earnings ratio of 0.78.

Municipal Mortgage & Equity, LLC (NASDAQ:MMAB) is engaged in the management of its bond portfolio, which consists primarily of tax-exempt bonds issued by state and local government authorities to finance multifamily rental housing developments (including affordable housing, student housing and senior living facilities) and community development districts.

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