MVC Capital Inc. (NYSE:MVC) Director Robert C. Knapp purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The stock was acquired at an average price of $8.71 per share, for a total transaction of $174,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MVC Capital Inc. (NYSE:MVC) traded down 1.38% during mid-day trading on Friday, hitting $8.56. 20,175 shares of the stock were exchanged. The stock’s 50-day moving average price is $8.26 and its 200-day moving average price is $7.96. MVC Capital Inc. has a 52-week low of $6.76 and a 52-week high of $8.97.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 24th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 6.31%. The ex-dividend date is Thursday, October 20th. MVC Capital’s dividend payout ratio is presently -269.99%.
Separately, TheStreet raised shares of MVC Capital from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th.
About MVC Capital
MVC Capital, Inc (MVC Capital) is a non-diversified closed-end management investment company. MVC Financial Services, Inc (MVCFS), a subsidiary of the Company, provides services to the Company and its portfolio companies. The Company’s segments include MVC and MVCFS. The Company’s segments are its investing operations as a business development company, MVC Capital, which includes MVC Cayman and MVC Turf, LLC (MVC Turf), and MVCFS provides advisory, administrative and other services.
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