Michael L. Falcone Acquires 500 Shares of MMA Capital Management, LLC (MMAC) Stock
MMA Capital Management, LLC (NASDAQ:MMAC) CEO Michael L. Falcone bought 500 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $24.74 per share, for a total transaction of $12,370.00. Following the completion of the transaction, the chief executive officer now directly owns 181,024 shares of the company’s stock, valued at $4,478,533.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MMA Capital Management, LLC (NASDAQ MMAC) remained flat at $24.50 during midday trading on Friday. The company’s stock had a trading volume of 9,240 shares. The stock has a market capitalization of $143.40 million, a PE ratio of 6.20 and a beta of 1.31. MMA Capital Management, LLC has a 1-year low of $17.10 and a 1-year high of $25.00. The firm has a 50 day moving average price of $23.43 and a 200 day moving average price of $22.99.
MMA Capital Management (NASDAQ:MMAC) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $1.16 earnings per share for the quarter. The company had revenue of $10.97 million for the quarter. MMA Capital Management had a return on equity of 5.58% and a net margin of 44.03%.
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A hedge fund recently raised its stake in MMA Capital Management stock. Vivaldi Asset Management LLC raised its stake in MMA Capital Management, LLC (NASDAQ:MMAC) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,649 shares of the financial services provider’s stock after buying an additional 10,732 shares during the period. Vivaldi Asset Management LLC owned 0.64% of MMA Capital Management worth $860,000 at the end of the most recent quarter. 14.69% of the stock is currently owned by institutional investors and hedge funds.
About MMA Capital Management
MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.
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