Somewhat Positive News Coverage Somewhat Unlikely to Affect MVC Capital (MVC) Stock Price
Media headlines about MVC Capital (NYSE:MVC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MVC Capital earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.3975859926972 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- MVC Capital, Inc. (NYSE:MVC) Experiences Lighter than Average Trading Volume – First News 24 (firstnewspaper24.com)
- BRIEF-Metage Capital says encourages MVC Capital shareholders to support its proposal at AGM – Reuters (reuters.com)
- At MVC Capital Inc.’s AGM, Scheduled for October 31st, Shareholders Should Vote in Favor of Metage Capital Limited’s … – PR Newswire (press release) (prnewswire.com)
- Global Industrial Visual Management Systems Market Trends and Forecasts – Technavio (4-traders.com)
MVC Capital (NYSE MVC) opened at 10.01 on Monday. MVC Capital has a 52-week low of $8.20 and a 52-week high of $10.47. The company has a 50-day moving average of $10.13 and a 200-day moving average of $9.52.
MVC Capital declared that its board has authorized a stock buyback program on Friday, July 21st that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the investment management company to reacquire shares of its stock through a dutch auction. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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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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