MVC Capital Inc. (MVC) Director Robert C. Knapp Acquires 20,000 Shares
MVC Capital Inc. (NYSE:MVC) Director Robert C. Knapp purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The shares were bought at an average price of $8.71 per share, with a total value of $174,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
MVC Capital Inc. (NYSE:MVC) traded down 1.38% on Friday, reaching $8.56. 20,175 shares of the company were exchanged. MVC Capital Inc. has a 12-month low of $6.76 and a 12-month high of $8.97. The firm has a 50-day moving average of $8.26 and a 200 day moving average of $7.96.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 24th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $0.54 annualized dividend and a dividend yield of 6.31%. MVC Capital’s dividend payout ratio is presently -269.99%.
Separately, TheStreet upgraded shares of MVC Capital from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th.
MVC Capital Company Profile
MVC Capital, Inc (MVC Capital) is a non-diversified closed-end management investment company. MVC Financial Services, Inc (MVCFS), a subsidiary of the Company, provides services to the Company and its portfolio companies. The Company’s segments include MVC and MVCFS. The Company’s segments are its investing operations as a business development company, MVC Capital, which includes MVC Cayman and MVC Turf, LLC (MVC Turf), and MVCFS provides advisory, administrative and other services.
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