On Friday, MVC Capital, Inc. (NYSE: MVC) oscillated between $8.93 and $9.12 before concluding trading period higher 1.9% at $9.12. The stock recorded total trading quantity of $38.6K shares as compared to it’s an average volume of 22.56K shares. The firm has a total market worth of $160.59 and 17.73Mshares remain outstanding.
The stock price switched 8.9% 50-Days Simple Moving Average 9.09% from 200-Days Simple Moving Average. The short ratio in the company’s stock is documented at 2.18.
MVC Capital, Inc. (NYSE: MVC), reported its financial results for the fiscal third quarter ended July 31, 2019.
For the third quarter of fiscal 2019, the Company earned interest income of $7.2M and dividend and fee income of $0.3M, contrast to $5.3M and $0.8M, respectively, for the same quarter of fiscal 2018.
The Company stated total operating income of $7.5M for the third quarter of fiscal 2019, contrast to $6.2M for the third quarter of fiscal 2018. The Company stated net operating income of $2.8M for the third quarter of fiscal 2019, contrast to $3.0M for the same quarter of fiscal 2018.
As of July 31, 2019, the Company’s net assets were $227.9M or $12.86 per share, contrast to $230.2M or $12.99 per share at the end of the previous fiscal quarter.
As of July 31, 2019, MVC had investments in portfolio companies totaling $339.4M and cash and cash equivalents of $21.9M, including $5.0M in restricted cash or cash equivalents.
At July 31, 2019, MVC had $22.1M of debt under MVC’s revolving credit facility with People’s United Bank.
Total operating income increased to $7.5M for the quarter ending July 31, 2019, a 21% increase over the same quarter of fiscal 2018.
During the quarter, the Company made four new investments totaling $27.5M in Powers ($6.5M), IPCC ($8.0M), Jedson ($6.0M) and SMA ($7.0M).
During the quarter, the Company made four follow-on investments into three portfolio companies, totaling $5.7M in GTM ($3.9M), Custom Alloy ($0.8M) and HTI ($1.0M).
Through July 31, 2019, dividends paid total $7.74 per share and total distributions and share repurchases (including tender offers) have surpassed $278M.
MVC Capital, Inc.’s (MVC) stock price showed strong performance of 2.03% in last seven days, switched up 2.72% in last thirty days and it rose 0.50% in last one year.