MMA Capital Holdings Inc (NASDAQ:MMAC) saw a significant decline in short interest in November. As of November 29th, there was short interest totalling 29,900 shares, a decline of 19.2% from the November 14th total of 37,000 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.7% of the company’s stock are sold short.

Several brokerages have commented on MMAC. ValuEngine raised MMA Capital from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. TheStreet cut shares of MMA Capital from a “b+” rating to a “c+” rating in a report on Wednesday.

In other news, Director James Christopher Hunt purchased 1,000 shares of MMA Capital stock in a transaction that occurred on Thursday, October 17th. The shares were bought at an average cost of $31.23 per share, with a total value of $31,230.00. Insiders have purchased 4,800 shares of company stock worth $150,379 over the last 90 days. 17.00% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in MMA Capital by 1,682.5% during the 2nd quarter. BlackRock Inc. now owns 198,932 shares of the financial services provider’s stock valued at $6,658,000 after buying an additional 187,772 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MMA Capital by 21.5% in the 2nd quarter. Vanguard Group Inc. now owns 145,428 shares of the financial services provider’s stock worth $4,867,000 after purchasing an additional 25,737 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of MMA Capital in the 3rd quarter worth about $668,000. Bank of New York Mellon Corp bought a new position in MMA Capital in the 2nd quarter worth about $474,000. Finally, Charles Schwab Investment Management Inc. bought a new position in MMA Capital in the 2nd quarter worth about $391,000. 21.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of MMA Capital stock traded up $0.38 during trading on Friday, hitting $31.46. The company’s stock had a trading volume of 15,933 shares, compared to its average volume of 11,912. MMA Capital has a 52 week low of $20.02 and a 52 week high of $35.50. The company has a market capitalization of $181.44 million, a PE ratio of 14.44 and a beta of 0.60. The company has a fifty day simple moving average of $32.03 and a two-hundred day simple moving average of $31.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.30 and a current ratio of 38.76.

About MMA Capital

MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.

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