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MVC

MVC Capital

$10.40

0.08 (0.78%)

17:07
10/19/17
10/19
17:07
10/19/17
17:07

MVC Capital: Glass Lewis, Egan-Jones against proposal to cease new investments

MVC Capital announced that leading independent proxy advisory firms Glass Lewis and Egan-Jones Rating Company have recommended that MVC shareholders vote "AGAINST" the shareholder proposal to cease new investments at the company's upcoming 2017 Annual Meeting of Stockholders on October 31, 2017. "We are pleased that both Glass Lewis and Egan Jones recognize the active steps the Company is taking to execute on our long-term investment strategy and increase shareholder distributions," said Michael Tokarz, Chairman and Portfolio Manager of MVC. "MVC has a strong and consistent track record of returning value to our shareholders, totaling $221.4 million since 2003 including open market repurchases totaling $22 million. As we continue to redeploy capital from equity to yield investments, through our recently announced unanimously approved Board plan, and increase our shareholder distributions, we are confident that we will be able to further reduce our discount to NAV, which has already been narrowed this past year to 22% from 30%. We firmly believe we are well positioned to build on the positive momentum we have created this year, and look forward to continuing to drive value for all of our shareholders."

  • 31

    Oct

MVC MVC Capital
$10.40

0.08 (0.78%)

10/12/17
MAXM
10/12/17
INITIATION
Target $13
MAXM
Buy
MVC Capital resumed at Buy at Maxim
Maxim analyst Michael Diana resumed coverage of MVC Capital with a Buy rating and a $12.50 price target. He says the company can succeed in transitioning its investment portfolio allocation to a higher percentage of yield investments, bringing its dividend yield more inline with its peers and boosting its stock price.
04/25/17
JMPS
04/25/17
NO CHANGE
JMPS
Sales of largest MVC Capital holding positive, says JMP Securities
After MVC's (MVC) largest portfolio company, U.S. Gas & Electric agreed to sell itself to Equus (EQS),in which MVC has a 33% stake,, JMP Securities analyst Christopher York says that the deal could encourage some investors and cause potential buyers of U.S. Gas to resume talks on a deal. Additionally, the analyst notes that the deal provides MVC with revenue through dividends and could enable MVC to liquidate its stakes in U.S. gas and Equus. The analyst believes that such a transaction, in turn, would enable MVC to raise its dividend and/or increase the value of its shares. He placed his rating on MVC under review in the wake of the deal.

TODAY'S FREE FLY STORIES

GSK

GlaxoSmithKline

$34.91

-0.21 (-0.60%)

, PFE

Pfizer

$35.61

0.2648 (0.75%)

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GSK

GlaxoSmithKline

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PFE

Pfizer

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0.2648 (0.75%)

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OCLR

Oclaro

$6.49

-0.09 (-1.37%)

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Options
Oclaro call volume above normal and directionally bullish »

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NUE

Nucor

$56.02

0.46 (0.83%)

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CYTK

Cytokinetics

$11.10

-0.7 (-5.93%)

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    Nov

CYTK

Cytokinetics

$11.10

-0.7 (-5.93%)

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  • 21

    Nov

SSNLF

Samsung

, WHR

Whirlpool

$166.91

1.71 (1.04%)

13:58
11/21/17
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Periodicals
ITC calls for tariff-rate quota on imported Samsung, LG washers, Reuters says »

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SSNLF

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WHR

Whirlpool

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1.71 (1.04%)

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RF

Regions Financial

$15.70

-0.16 (-1.01%)

13:55
11/21/17
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13:55
Options
Regions Financial put volume heavy and directionally bearish »

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CLMT

Calumet Specialty Products

$8.30

0.1 (1.22%)

13:53
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Calumet Specialty Products announces divestiture of Anchor Drilling Fluids »

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ITUS

ITUS

$3.16

0.25 (8.59%)

13:53
11/21/17
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Conference/Events
ITUS to hold a pharmaceutical update conference call »

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ENBL

Enable Midstream

$15.03

-0.0315 (-0.21%)

13:49
11/21/17
11/21
13:49
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13:49
Downgrade
Enable Midstream rating change  »

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STLY

Stanley Furniture

$0.93

0.0349 (3.92%)

13:47
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Stanley Furniture to sell substantially all its assets »

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13:40
11/21/17
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General news
NY Fed's overnight reverse repo totaled $42.9 B (19 counterparties) »

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EYE

National Vision

$30.19

0.21 (0.70%)

13:33
11/21/17
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Initiation
National Vision initiated  »

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  • 07

    Dec

CYTK

Cytokinetics

$11.10

-0.7 (-5.93%)

13:32
11/21/17
11/21
13:32
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13:32
Downgrade
Cytokinetics rating change  »

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  • 21

    Nov

LOW

Lowe's

$81.59

0.13 (0.16%)

13:27
11/21/17
11/21
13:27
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13:27
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Lowe's analyst commentary  »

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  • 21

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WHR

Whirlpool

$165.67

0.47 (0.28%)

13:25
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Periodicals
ITC suggests tariffs on washing machine imports above 1.2M units, Bloomberg says »

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AWI

Armstrong World

$53.70

-0.15 (-0.28%)

13:25
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Conference/Events
Armstrong World to hold a conference call »

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  • 21

    Nov

BMO

Bank of Montreal

$77.39

0.06 (0.08%)

13:21
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13:20
11/21/17
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General news
Fed Governor Powell's hearings for the position as Fed Chair »

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PG

Procter & Gamble

$88.93

0.66 (0.75%)

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Options
Buyer lays out 500K for three month upside in Procter and Gamble »

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$NSD

NASDAQ Market Internals

13:17
11/21/17
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13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

13:16
11/21/17
11/21
13:16
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13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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CSX

CSX

$49.71

-0.21 (-0.42%)

13:05
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13:05
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13:05
Options
CSX call volume above normal and directionally bullish »

Bullish option flow…

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  • 28

    Nov

13:05
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11/21
13:05
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General news
FX Action: USD-JPY »

FX Action: USD-JPY…

SIG

Signet Jewelers

$54.67

-21.17 (-27.91%)

13:01
11/21/17
11/21
13:01
11/21/17
13:01
Downgrade
Signet Jewelers rating change  »

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  • 21

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    Dec

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