MMA Capital Management, LLC (MMAC) Issues Quarterly Earnings Results
MMA Capital Management, LLC (NASDAQ:MMAC) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, Morningstar.com reports. MMA Capital Management had a net margin of 43.37% and a return on equity of 4.53%. The firm had revenue of $10.97 million for the quarter.
Shares of MMA Capital Management (NASDAQ:MMAC) traded up 0.96% during midday trading on Thursday, reaching $24.90. 1,815 shares of the company’s stock traded hands. The firm has a market cap of $146.86 million, a PE ratio of 6.82 and a beta of 1.31. MMA Capital Management has a 52-week low of $17.10 and a 52-week high of $24.90. The company has a 50 day moving average of $23.03 and a 200 day moving average of $22.82.
A hedge fund recently raised its stake in MMA Capital Management stock. Vivaldi Asset Management LLC boosted its position in shares of MMA Capital Management, LLC (NASDAQ:MMAC) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,649 shares of the financial services provider’s stock after buying an additional 10,732 shares during the period. Vivaldi Asset Management LLC owned 0.64% of MMA Capital Management worth $860,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 14.56% of the company’s stock.
About MMA Capital Management
MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.
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