West Family Investments buys $9,259,761 stake in MVC Capital (MVC)

MVC Capital (MVC) : West Family Investments scooped up 96,530 additional shares in MVC Capital during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,091,953 shares of MVC Capital which is valued at $9,259,761.MVC Capital makes up approximately 1.79% of West Family Investments’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd sold out all of its stake in MVC during the most recent quarter. The investment firm sold 98,449 shares of MVC which is valued $828,941. Penserra Capital Management added MVC to its portfolio by purchasing 299 company shares during the most recent quarter which is valued at $2,521.Punch Associates Investment Management boosted its stake in MVC in the latest quarter, The investment management firm added 35,608 additional shares and now holds a total of 220,172 shares of MVC Capital which is valued at $1,886,874. MVC Capital makes up approx 0.22% of Punch Associates Investment Management’s portfolio.

MVC Capital opened for trading at $8.31 and hit $8.34 on the upside on Monday, eventually ending the session at $8.34, with a gain of 1.21% or 0.1 points. The heightened volatility saw the trading volume jump to 33,114 shares. Company has a market cap of $189 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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