MVC Capital (NYSE:MVC) will be announcing its earnings results before the market opens on Monday, January 15th.
MVC Capital (MVC) opened at $10.59 on Monday. MVC Capital has a 1-year low of $8.45 and a 1-year high of $10.97. The stock has a market cap of $223.60, a PE ratio of 6.54 and a beta of 0.67. 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 declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 23rd that permits the company to buyback $25.00 million in shares. This buyback authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.67%. The ex-dividend date is Thursday, December 28th. MVC Capital’s dividend payout ratio is currently 37.04%.
Several equities analysts recently issued reports on MVC shares. Maxim Group started coverage on shares of MVC Capital in a report on Thursday, October 12th. They set a “buy” rating and a $12.50 price target for the company. TheStreet downgraded shares of MVC Capital from a “b” rating to a “c+” rating in a 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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