MVC Capital (MVC) to Release Quarterly Earnings on Monday
Shares of MVC Capital (MVC) opened at $10.59 on Monday. The company has a current ratio of 34.79, a quick ratio of 34.79 and a debt-to-equity ratio of 0.37. MVC Capital has a 12-month low of $8.45 and a 12-month high of $10.97. The firm has a market cap of $223.60, a PE ratio of 6.54 and a beta of 0.67.
MVC Capital announced that its Board of Directors has authorized a stock repurchase plan on Monday, October 23rd that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the investment management company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Several analysts have recently weighed in on MVC shares. Maxim Group started coverage on shares of MVC Capital in a research report on Thursday, October 12th. They set a “buy” rating and a $12.50 target price on the stock. TheStreet lowered shares of MVC Capital from a “b” rating to a “c+” rating in a research report on Friday, December 29th.
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About MVC Capital
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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