MVC Capital, Inc. (NYSE:MVC) Plans Dividend of $0.14
MVC Capital, Inc. (NYSE:MVC) declared a dividend on Friday, July 14th, Fidelity reports. Investors of record on Monday, July 24th will be paid a dividend of 0.135 per share by the investment management company on Monday, July 31st. The ex-dividend date is Thursday, July 20th.
Shares of MVC Capital (NYSE MVC) remained flat at $10.15 during mid-day trading on Friday. 1,714 shares of the company were exchanged. MVC Capital has a one year low of $7.91 and a one year high of $10.17. The stock has a 50 day moving average price of $9.38 and a 200-day moving average price of $8.90.
MVC Capital (NYSE:MVC) last released its earnings results on Thursday, June 8th. The investment management company reported ($0.10) EPS for the quarter. The company had revenue of $3.93 million during the quarter. MVC Capital had a negative return on equity of 0.44% and a net margin of 44.33%. Analysts expect that MVC Capital will post $0.25 EPS for the current fiscal year.
In other MVC Capital news, Director Phillip Goldstein sold 29,853 shares of MVC Capital stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.82, for a total transaction of $293,156.46. Following the completion of the sale, the director now directly owns 37,250 shares in the company, valued at approximately $365,795. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.41% of the company’s stock.
Separately, TheStreet upgraded shares of MVC Capital from a “c” rating to a “b-” rating in a research note on Monday, April 24th.
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MVC Capital Company Profile
MVC Capital, Inc is a non-diversified closed-end management investment company. The Company’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Company’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc (MVCFS).
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