MMA Capital Management LLC(NASDAQ:MMAC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $0.80.
Several Insider Transactions has been reported to the SEC. On May 12, 2016, Michael L Falcone (CEO) purchased 1,240 shares at $16.40 per share price.Also, On Apr 6, 2016, Gary A Mentesana (Executive Vice President) purchased 3,100 shares at $15.97 per share price.
MMA Capital Management LLC formerly Municipal Mortgage & Equity LLC partners with institutional capital to create alternative investment opportunities. The Company operates through two segments: United States Operations and International Operations. Its United States Operations consists of three business lines; Leveraged Bonds Low-Income Housing Tax Credits (LIHTCs) and Other Investments and Obligations. The Company manages its International Operations through a 96% owned subsidiary International Housing Solutions (IHS) where its strategy is to raise invest in and manage private real estate funds. IHS currently manages three funds: the South Africa Workforce Housing Fund which is a multi-investor fund and is fully invested; IHS Residential Partners I which is a single-investor fund targeted at the emerging middle class in South Africa and IHS Fund II which is a multi-investor fund targeting investments in green affordable housing in South Africa and Sub-Saharan Africa.