MMA Capital Management LLC (NASDAQ:MMAC) CFO David C. Bjarnason purchased 500 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were acquired at an average cost of $27.77 per share, for a total transaction of $13,885.00. Following the completion of the acquisition, the chief financial officer now owns 5,650 shares of the company’s stock, valued at $156,900.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:MMAC opened at $26.49 on Friday. The company has a current ratio of 32.13, a quick ratio of 12.64 and a debt-to-equity ratio of 1.09. The stock has a market cap of $151.87 million, a price-to-earnings ratio of 10.86 and a beta of 0.37. MMA Capital Management LLC has a 52 week low of $23.70 and a 52 week high of $30.58.
MMA Capital Management (NASDAQ:MMAC) last posted its quarterly earnings results on Thursday, August 9th. The financial services provider reported $0.32 EPS for the quarter. The business had revenue of $3.50 million for the quarter. MMA Capital Management had a return on equity of 7.26% and a net margin of 127.87%.
A hedge fund recently bought a new stake in MMA Capital Management stock. Sei Investments Co. purchased a new stake in shares of MMA Capital Management LLC (NASDAQ:MMAC) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,905 shares of the financial services provider’s stock, valued at approximately $161,000. Sei Investments Co. owned 0.10% of MMA Capital Management as of its most recent SEC filing. 10.53% of the stock is owned by hedge funds and other 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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