Zacks: MVC Capital, Inc. (MVC) Given $10.50 Consensus Target Price by Brokerages

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Shares of MVC Capital, Inc. (NYSE:MVC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $10.50 for the company, according to Zacks. Zacks has also given MVC Capital an industry rank of 155 out of 255 based on the ratings given to its competitors.

Separately, Maxim Group reissued a “buy” rating and set a $11.00 price objective on shares of MVC Capital in a research note on Wednesday, March 13th.

MVC Capital stock traded down $0.06 during mid-day trading on Wednesday, reaching $9.18. The company had a trading volume of 10,953 shares, compared to its average volume of 13,091. The company has a debt-to-equity ratio of 0.52, a current ratio of 10.30 and a quick ratio of 10.30. MVC Capital has a 52 week low of $7.96 and a 52 week high of $10.16. The company has a market cap of $162.76 million, a PE ratio of 45.90 and a beta of 0.77.

MVC Capital (NYSE:MVC) last issued its quarterly earnings results on Monday, January 14th. The investment management company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). MVC Capital had a negative net margin of 60.27% and a positive return on equity of 1.19%. The company had revenue of $5.97 million during the quarter. Analysts expect that MVC Capital will post 0.38 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MVC. West Family Investments Inc. lifted its position in MVC Capital by 0.8% during the fourth quarter. West Family Investments Inc. now owns 1,221,628 shares of the investment management company’s stock worth $10,072,000 after purchasing an additional 9,999 shares during the period. Stilwell Value LLC increased its position in MVC Capital by 39.1% during the 4th quarter. Stilwell Value LLC now owns 334,320 shares of the investment management company’s stock valued at $2,745,000 after purchasing an additional 93,999 shares during the period. Putnam Investments LLC increased its position in MVC Capital by 22.7% during the 3rd quarter. Putnam Investments LLC now owns 175,756 shares of the investment management company’s stock valued at $1,696,000 after purchasing an additional 32,484 shares during the period. Ancora Advisors LLC increased its position in MVC Capital by 1.7% during the 4th quarter. Ancora Advisors LLC now owns 284,028 shares of the investment management company’s stock valued at $2,332,000 after purchasing an additional 4,830 shares during the period. Finally, Bank of America Corp DE increased its position in MVC Capital by 12.4% during the 4th quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 4,023 shares during the period. Hedge funds and other institutional investors own 41.36% of the company’s stock.

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.

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