In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on MVC Capital (MVC), with a price target of $12.50. The company’s shares closed on Friday at $8.86.
Diana said:
“With the remaining cash proceeds from the F3Q17 sale of its largest investment, and with new cash proceeds from a successful exit (return of 3x) from a PE fund investment, MVC appears to be well-positioned to transition its investment portfolio allocation to a higher percentage of yield investments and cover its quarterly dividend of $0.15.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.7% and a 56.1% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MVC Capital with a $12.50 average price target.
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The company has a one-year high of $10.79 and a one-year low of $7.96. Currently, MVC Capital has an average volume of 28.55K.
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MVC Capital Inc, operates as a non-diversified closed-end management investment company. It engages in the provision of equity and debt investment capital to fund growth, acquisitions, and recapitalizations of small and middle-market companies. It operates through the MVC and MVCFS segments. The MVC segment consists of MVC Cayman and MVC Turf.
