MVC Capital, Inc. (MVC) Director Sells $4,229,569.16 in Stock

MVC Capital, Inc. (NYSE:MVC) Director Phillip Goldstein sold 449,476 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $9.41, for a total transaction of $4,229,569.16. Following the completion of the sale, the director now owns 22,149 shares of the company’s stock, valued at approximately $208,422.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Phillip Goldstein also recently made the following trade(s):

  • On Thursday, October 4th, Phillip Goldstein sold 10,005 shares of MVC Capital stock. The stock was sold at an average price of $9.51, for a total transaction of $95,147.55.
  • On Tuesday, October 2nd, Phillip Goldstein sold 18,855 shares of MVC Capital stock. The stock was sold at an average price of $9.59, for a total transaction of $180,819.45.
  • On Friday, September 21st, Phillip Goldstein sold 5,291 shares of MVC Capital stock. The stock was sold at an average price of $9.75, for a total transaction of $51,587.25.
  • On Monday, September 24th, Phillip Goldstein sold 8,802 shares of MVC Capital stock. The stock was sold at an average price of $9.76, for a total transaction of $85,907.52.

MVC stock traded up $0.07 during trading on Friday, hitting $9.40. The company had a trading volume of 18,800 shares, compared to its average volume of 37,331. The company has a market capitalization of $181.62 million, a PE ratio of -27.66 and a beta of 0.66. MVC Capital, Inc. has a 52-week low of $9.25 and a 52-week high of $10.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 63.15 and a quick ratio of 63.15.

Several research firms have recently issued reports on MVC. Maxim Group restated a “buy” rating and issued a $12.50 target price on shares of MVC Capital in a report on Thursday, September 27th. TheStreet lowered shares of MVC Capital from a “b” rating to a “c” rating in a report on Thursday, September 20th. ValuEngine upgraded shares of MVC Capital from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research upgraded shares of MVC Capital from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MVC Capital currently has an average rating of “Buy” and a consensus price target of $12.25.

A number of hedge funds have recently bought and sold shares of MVC. RMB Capital Management LLC purchased a new position in MVC Capital in the 1st quarter worth about $298,000. Ancora Advisors LLC increased its stake in MVC Capital by 7.3% in the 1st quarter. Ancora Advisors LLC now owns 265,447 shares of the investment management company’s stock worth $2,636,000 after buying an additional 17,983 shares during the period. Legal & General Group Plc increased its stake in MVC Capital by 11.9% in the 1st quarter. Legal & General Group Plc now owns 75,747 shares of the investment management company’s stock worth $754,000 after buying an additional 8,063 shares during the period. Russell Investments Group Ltd. purchased a new position in MVC Capital in the 2nd quarter worth about $150,000. Finally, West Family Investments Inc. increased its stake in MVC Capital by 8.6% in the 2nd quarter. West Family Investments Inc. now owns 1,200,397 shares of the investment management company’s stock worth $11,404,000 after buying an additional 95,000 shares during the period. 43.00% of the stock is currently owned by institutional investors.

About MVC Capital

MVC Capital, Inc is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing.

See Also: Market Capitalization

Insider Buying and Selling by Quarter for MVC Capital (NYSE:MVC)

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