Michael L. Falcone Purchases 800 Shares of MMA Capital Management LLC (MMAC) Stock

MMA Capital Management LLC (NASDAQ:MMAC) CEO Michael L. Falcone purchased 800 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was bought at an average price of $27.46 per share, for a total transaction of $21,968.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

MMAC traded down $0.30 during trading on Thursday, reaching $26.85. The company’s stock had a trading volume of 16,000 shares, compared to its average volume of 11,354. MMA Capital Management LLC has a 52-week low of $18.00 and a 52-week high of $30.58. The firm has a market capitalization of $153.08 million, a PE ratio of 8.31 and a beta of 0.66. The company has a current ratio of 27.99, a quick ratio of 11.94 and a debt-to-equity ratio of 1.15.

MMA Capital Management (NASDAQ:MMAC) last announced its quarterly earnings data on Friday, March 16th. The financial services provider reported $0.84 earnings per share for the quarter. MMA Capital Management had a return on equity of 9.15% and a net margin of 115.03%. The company had revenue of $7.67 million for the quarter.



MMA Capital Management announced that its Board of Directors has authorized a share buyback plan on Friday, March 16th that allows the company to repurchase $130,000.00 in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. purchased a new stake in MMA Capital Management in the 1st quarter valued at approximately $161,000. Dimensional Fund Advisors LP boosted its holdings in MMA Capital Management by 107.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,887 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 9,764 shares in the last quarter. Deutsche Bank AG boosted its holdings in MMA Capital Management by 8.4% in the 4th quarter. Deutsche Bank AG now owns 36,200 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 2,800 shares in the last quarter. Advisor Group Inc. purchased a new stake in MMA Capital Management in the 4th quarter valued at approximately $127,000. Finally, Renaissance Technologies LLC boosted its holdings in MMA Capital Management by 41.9% in the 4th quarter. Renaissance Technologies LLC now owns 15,551 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 4,589 shares in the last quarter. 11.07% of the stock is currently owned by institutional investors.

Separately, ValuEngine cut MMA Capital Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd.

MMA Capital Management Company Profile

MMA Capital Management, LLC creates and manages investments in housing and renewable energy sectors in the United States and internationally. Its investments in debt securities comprises multifamily tax-exempt bonds, as well as other real estate related bond investments. The company offers leveraged bonds; low-income housing tax credits; asset management and administrative services to a limited liability company and a commercial bank; and guarantees to the institutional investors related to the receipt of tax credits.

Insider Buying and Selling by Quarter for MMA Capital Management (NASDAQ:MMAC)

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