Revenue Update on MVC Capital(NYSE:MVC)

MVC Capital(NYSE:MVC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 29, 2016. Company reported revenue of $15.82M. Analysts estimated a revenue of $64.19M. Earnings per share were $0.26.

MVC Capital (MVC) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.24% at a volume of 15,147. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.36. The peak price level was also seen at $8.36 while the days lowest was $8.26. Finally the shares closed at $8.3. The 52-week high of the shares is $9.41 while the 52-week low is $6.76. According to the latest information available, the market cap of the company is $188 M.

MVC Capital Inc. (MVC Capital) is a non-diversified closed-end management investment company. MVC Capital provides equity and debt investment capital to fund growth acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the United States. It investments in the form of senior and subordinated loans common and preferred stock and warrants or rights to acquire equity interests or convertible securities among other instruments. Its investment objective is to maximize total return from capital appreciation and/or income through making a range of private investments. It invests in various industries including energy specialty chemicals automotive dealerships medical devices consumer products industrial manufacturing financial services and information technology in a variety of geographical areas including the United States and Europe. MVC Capital is managed by The Tokarz Group Advisers LLC (TTG Advisers).

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