Shares of MVC Capital, Inc. (NYSE:MVC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price objective of $11.50 for the company, according to Zacks. Zacks has also assigned MVC Capital an industry rank of 95 out of 256 based on the ratings given to related companies.

MVC has been the subject of several recent research reports. Maxim Group reissued a “buy” rating and set a $12.50 target price on shares of MVC Capital in a research note on Thursday, September 27th. Zacks Investment Research raised MVC Capital from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th.

Shares of NYSE:MVC traded up $0.02 during midday trading on Wednesday, hitting $8.80. The company had a trading volume of 8,657 shares, compared to its average volume of 25,877. MVC Capital has a twelve month low of $7.96 and a twelve month high of $10.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 62.25 and a current ratio of 62.25. The stock has a market cap of $166.75 million, a PE ratio of 44.00 and a beta of 0.63.

MVC Capital (NYSE:MVC) last posted its quarterly earnings results on Monday, January 14th. The investment management company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). MVC Capital had a negative net margin of 46.03% and a positive return on equity of 1.38%. The company had revenue of $5.97 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 9th. Shareholders of record on Wednesday, January 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, December 31st. This represents a $0.60 annualized dividend and a yield of 6.82%. MVC Capital’s dividend payout ratio (DPR) is 300.00%.

A number of hedge funds have recently bought and sold shares of MVC. Advisors Asset Management Inc. increased its stake in MVC Capital by 61.1% during the second quarter. Advisors Asset Management Inc. now owns 186,954 shares of the investment management company’s stock worth $1,455,000 after acquiring an additional 70,880 shares during the last quarter. Marathon Trading Investment Management LLC acquired a new stake in MVC Capital during the third quarter worth $381,000. Putnam Investments LLC increased its stake in MVC Capital by 22.7% during the third quarter. Putnam Investments LLC now owns 175,756 shares of the investment management company’s stock worth $1,696,000 after acquiring an additional 32,484 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in MVC Capital during the second quarter worth $150,000. Finally, Ancora Advisors LLC increased its stake in MVC Capital by 4.8% during the third quarter. Ancora Advisors LLC now owns 279,198 shares of the investment management company’s stock worth $2,694,000 after acquiring an additional 12,783 shares during the last quarter. 41.41% of the stock is owned by institutional investors.

About MVC Capital

MVC Capital, Inc is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing.

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