Press coverage about MVC Capital (NYSE:MVC) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MVC Capital earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 45.4255906760026 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of MVC Capital (NYSE:MVC) traded down $0.05 during trading on Tuesday, reaching $10.76. The company had a trading volume of 58,300 shares, compared to its average volume of 43,722. MVC Capital has a fifty-two week low of $8.22 and a fifty-two week high of $10.85. The company has a current ratio of 34.79, a quick ratio of 34.79 and a debt-to-equity ratio of 0.37.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 24th were paid a $0.15 dividend. This is a boost from MVC Capital’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date was Monday, October 23rd. MVC Capital’s payout ratio is currently 37.04%.
MVC Capital declared that its board has authorized a share buyback plan on Friday, July 21st that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the investment management company to buy shares of its stock through a dutch auction. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Separately, Maxim Group initiated coverage on MVC Capital in a research note on Thursday, October 12th. They issued a “buy” rating and a $12.50 price objective on the stock.
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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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