MMA Capital Holdings Inc (NASDAQ:MMAC) insider Michael L. Falcone acquired 391 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $32.49 per share, for a total transaction of $12,703.59. Following the purchase, the insider now directly owns 332,816 shares of the company’s stock, valued at $10,813,191.84. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ:MMAC opened at $32.42 on Friday. MMA Capital Holdings Inc has a one year low of $20.02 and a one year high of $35.50. The firm has a market capitalization of $192.20 million, a P/E ratio of 14.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 28.76 and a quick ratio of 4.01. The company’s 50-day simple moving average is $30.81 and its 200 day simple moving average is $31.31.
MMA Capital (NASDAQ:MMAC) last announced its earnings results on Friday, August 9th. The financial services provider reported $3.95 EPS for the quarter. MMA Capital had a net margin of 108.21% and a return on equity of 25.12%. The business had revenue of $27.09 million during the quarter.
Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new stake in MMA Capital during the second quarter valued at approximately $34,000. Griffin Asset Management Inc. purchased a new stake in MMA Capital during the second quarter valued at approximately $36,000. Strs Ohio purchased a new stake in MMA Capital during the second quarter valued at approximately $43,000. Creative Financial Designs Inc. ADV purchased a new stake in MMA Capital during the second quarter valued at approximately $65,000. Finally, Northern Trust Corp purchased a new stake in MMA Capital during the second quarter valued at approximately $260,000. 18.59% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on MMAC. ValuEngine raised shares of MMA Capital from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. TheStreet raised shares of MMA Capital from a “c+” rating to a “b+” rating in a research note on Monday, October 7th.
MMA Capital Company Profile
MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.
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