In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on MVC Capital (MVC), with a price target of $13.00. The company’s shares closed last Monday at $9.00.
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.5% and a 59.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MVC Capital with a $13.00 average price target.
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The company has a one-year high of $9.65 and a one-year low of $7.96. Currently, MVC Capital has an average volume of 17.6K.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MVC in relation to earlier this year.
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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.
