MMA Capital Management LLC (NASDAQ:MMAC) CEO Michael L. Falcone bought 800 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was bought at an average price of $27.46 per share, with a total value of $21,968.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
MMA Capital Management traded down $0.30, reaching $26.85, during midday trading on Thursday, MarketBeat.com reports. The company had a trading volume of 16,000 shares, compared to its average volume of 11,354. The firm has a market cap of $153.08 million, a PE ratio of 8.31 and a beta of 0.66. MMA Capital Management LLC has a 12-month low of $18.00 and a 12-month high of $30.58. The company has a current ratio of 27.99, a quick ratio of 11.94 and a debt-to-equity ratio of 1.15.
MMA Capital Management (NASDAQ:MMAC) last released its earnings results on Friday, March 16th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $7.67 million during the quarter. MMA Capital Management had a return on equity of 9.15% and a net margin of 115.03%.
MMA Capital Management announced that its Board of Directors has initiated a share buyback program on Friday, March 16th that allows the company to buyback $130,000.00 in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Separately, ValuEngine lowered MMA Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG lifted its holdings in MMA Capital Management by 8.4% during the 4th quarter. Deutsche Bank AG now owns 36,200 shares of the financial services provider’s stock worth $879,000 after buying an additional 2,800 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in MMA Capital Management by 101.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,833 shares of the financial services provider’s stock worth $142,000 after buying an additional 2,939 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in MMA Capital Management by 41.9% during the 4th quarter. Renaissance Technologies LLC now owns 15,551 shares of the financial services provider’s stock worth $378,000 after buying an additional 4,589 shares during the last quarter. Advisor Group Inc. purchased a new stake in MMA Capital Management during the 4th quarter worth about $127,000. Finally, Sei Investments Co. purchased a new stake in MMA Capital Management during the 1st quarter worth about $161,000. 11.07% of the stock is owned by institutional investors.
About MMA Capital Management
MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. Its investments in debt securities comprises multifamily tax-exempt bonds, as well as other real estate related bond investments. The company offers leveraged bonds; low-income housing tax credits; asset management and administrative services to a limited liability company and a commercial bank; and guarantees to the institutional investors related to the receipt of tax credits.
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