MMA Capital Management, LLC (MMAC) CEO Acquires $12,370.00 in Stock
MMA Capital Management, LLC (NASDAQ:MMAC) CEO Michael L. Falcone bought 500 shares of the stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $24.74 per share, for a total transaction of $12,370.00. Following the purchase, the chief executive officer now owns 181,024 shares in the company, valued at $4,478,533.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of MMA Capital Management, LLC (MMAC) remained flat at $24.50 during midday trading on Friday. The company’s stock had a trading volume of 9,240 shares. MMA Capital Management, LLC has a one year low of $17.10 and a one year high of $25.00. The stock’s 50 day moving average is $23.38 and its 200 day moving average is $22.97. The stock has a market cap of $143.37 million, a P/E ratio of 5.99 and a beta of 1.31.
MMA Capital Management (NASDAQ:MMAC) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. MMA Capital Management had a return on equity of 5.58% and a net margin of 44.03%. The firm had revenue of $10.97 million for the quarter.
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A hedge fund recently raised its stake in MMA Capital Management stock. Vivaldi Asset Management LLC raised its position in MMA Capital Management, LLC (NASDAQ:MMAC) by 39.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 14.69% of the stock is currently owned by hedge funds and other institutional investors.
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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