MVC Capital, Inc. (NYSE:MVC) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 46,100 shares, a drop of 17.5% from the June 30th total of 55,900 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is presently 2.5 days.

In other news, Chairman Michael T. Tokarz purchased 11,068 shares of the company’s stock in a transaction on Monday, July 8th. The shares were purchased at an average price of $9.37 per share, with a total value of $103,707.16. Following the purchase, the chairman now directly owns 998,100 shares of the company’s stock, valued at approximately $9,352,197. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Mvc Capital, Inc. sold 608,310 shares of MVC Capital stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.62, for a total value of $985,462.20. Following the completion of the sale, the insider now directly owns 3,228,024 shares in the company, valued at approximately $5,229,398.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,433,240 shares of company stock worth $4,087,843 in the last ninety days. 8.85% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of MVC Capital by 186.2% in the 2nd quarter. Morgan Stanley now owns 6,927 shares of the investment management company’s stock valued at $63,000 after acquiring an additional 4,507 shares in the last quarter. United Capital Financial Advisers LLC bought a new position in shares of MVC Capital in the 2nd quarter valued at about $92,000. Wedbush Securities Inc. bought a new position in shares of MVC Capital in the 2nd quarter valued at about $109,000. Investment House LLC bought a new position in shares of MVC Capital in the 2nd quarter valued at about $207,000. Finally, Bank of America Corp DE grew its holdings in shares of MVC Capital by 12.4% in the 4th quarter. Bank of America Corp DE now owns 36,375 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 4,023 shares in the last quarter. Institutional investors own 49.25% of the company’s stock.

Shares of MVC traded up $0.03 during midday trading on Thursday, hitting $9.09. The stock had a trading volume of 4,200 shares, compared to its average volume of 17,138. The firm has a 50 day moving average of $9.37. MVC Capital has a twelve month low of $7.96 and a twelve month high of $9.89. The firm has a market capitalization of $161.61 million, a price-to-earnings ratio of 45.45 and a beta of 0.74. The company has a current ratio of 8.77, a quick ratio of 8.77 and a debt-to-equity ratio of 0.49.

MVC Capital (NYSE:MVC) last released its quarterly earnings results on Monday, June 10th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.15. The firm had revenue of $8.59 million for the quarter. MVC Capital had a return on equity of 4.54% and a net margin of 17.72%. On average, sell-side analysts predict that MVC Capital will post 0.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Wednesday, July 24th. MVC Capital’s payout ratio is 300.00%.

MVC has been the topic of several recent research reports. Maxim Group reissued a “buy” rating and issued a $13.00 price target on shares of MVC Capital in a research note on Thursday, June 13th. TheStreet raised MVC Capital from a “c” rating to a “b” rating in a research note on Wednesday, June 12th. Finally, Zacks Investment Research downgraded MVC Capital from a “buy” rating to a “hold” rating in a research note on Wednesday.

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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