Insider Buying: Municipal Mortgage & Equity EVP Purchases 13,260 Shares of Stock (MMAB)
Municipal Mortgage & Equity (NASDAQ:MMAB) EVP Gary A. Mentesana purchased 13,260 shares of the stock 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 purchase, the executive vice president now directly owns 443,996 shares in the company, valued at approximately $839,152. The transaction 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 Wednesday. Municipal Mortgage & Equity has a 1-year low of $1.05 and a 1-year high of $1.95. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $1.52. The company has a market cap of $73.0 million and a P/E 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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