MVC Capital (NYSE MVC) opened at $10.78 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 34.79 and a current ratio of 34.79. MVC Capital has a 12 month low of $8.45 and a 12 month high of $10.97. The firm has a market capitalization of $226.55, a PE ratio of 6.65 and a beta of 0.67.
MVC Capital declared that its board has authorized a stock buyback 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 reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 5.57%. MVC Capital’s dividend payout ratio (DPR) is presently 37.04%.
Several research firms have weighed in on MVC. Ladenburg Thalmann Financial Services began coverage on MVC Capital in a research note on Thursday. They set a “buy” rating and a $12.00 target price on the stock. TheStreet cut MVC Capital from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Finally, Maxim Group reaffirmed a “buy” rating and set a $12.50 target price on shares of MVC Capital in a research note on Tuesday, October 24th.
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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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