Skandinaviska Enskilda Banken AB publ lifted its position in shares of MVC Capital, Inc. (NYSE:MVC) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,160 shares of the investment management company’s stock after purchasing an additional 5,327 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.90% of MVC Capital worth $1,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC acquired a new position in shares of MVC Capital during the third quarter worth $219,000. BB&T Securities LLC increased its stake in shares of MVC Capital by 12.7% in the second quarter. BB&T Securities LLC now owns 12,638 shares of the investment management company’s stock worth $124,000 after buying an additional 1,429 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of MVC Capital by 86.5% in the third quarter. JPMorgan Chase & Co. now owns 29,544 shares of the investment management company’s stock worth $297,000 after buying an additional 13,706 shares during the last quarter. Legal & General Group Plc increased its stake in shares of MVC Capital by 6.3% in the second quarter. Legal & General Group Plc now owns 54,808 shares of the investment management company’s stock worth $542,000 after buying an additional 3,256 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of MVC Capital by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 95,817 shares of the investment management company’s stock worth $959,000 after buying an additional 10,250 shares during the last quarter. 41.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of MVC Capital, Inc. (NYSE MVC) traded down $0.04 during trading hours on Thursday, hitting $10.71. 33,500 shares of the company were exchanged, compared to its average volume of 43,556. The company has a debt-to-equity ratio of 0.37, a current ratio of 34.79 and a quick ratio of 34.79. MVC Capital, Inc. has a fifty-two week low of $8.45 and a fifty-two week high of $10.88.

MVC Capital announced that its Board of Directors has initiated a share repurchase program on Monday, October 23rd that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the investment management company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Separately, Maxim Group initiated coverage on shares of MVC Capital in a research note on Thursday, October 12th. They issued a “buy” rating and a $12.50 price target for the company.

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MVC Capital Company Profile

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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Institutional Ownership by Quarter for MVC Capital (NYSE:MVC)

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