James Christopher Hunt Buys 500 Shares of MMA Capital Holdings Inc (NASDAQ:MMAC) Stock

MMA Capital Holdings Inc (NASDAQ:MMAC) Director James Christopher Hunt acquired 500 shares of MMA Capital stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $30.41 per share, for a total transaction of $15,205.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $364,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MMAC stock opened at $30.85 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 28.76 and a quick ratio of 4.01. The firm has a market capitalization of $181.31 million, a P/E ratio of 14.13 and a beta of 0.61. The business’s 50-day moving average is $29.86 and its two-hundred day moving average is $31.25. MMA Capital Holdings Inc has a 1 year low of $20.02 and a 1 year high of $35.50.

MMA Capital (NASDAQ:MMAC) last posted its quarterly earnings results on Friday, August 9th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter. The company had revenue of $27.09 million for the quarter. MMA Capital had a return on equity of 25.12% and a net margin of 108.21%.

A number of large investors have recently modified their holdings of MMAC. BlackRock Inc. raised its holdings in MMA Capital by 1,682.5% in the second quarter. BlackRock Inc. now owns 198,932 shares of the financial services provider’s stock valued at $6,658,000 after acquiring an additional 187,772 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MMA Capital by 21.5% in the 2nd quarter. Vanguard Group Inc. now owns 145,428 shares of the financial services provider’s stock valued at $4,867,000 after purchasing an additional 25,737 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of MMA Capital in the 3rd quarter valued at $668,000. Bank of New York Mellon Corp acquired a new stake in shares of MMA Capital in the 2nd quarter valued at $474,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of MMA Capital in the 2nd quarter valued at $391,000. 18.21% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. ValuEngine cut MMA Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet raised MMA Capital from a “c+” rating to a “b+” rating in a research report on Monday, October 7th.

MMA Capital Company Profile

MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.

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