MMA Capital Management LLC (NASDAQ:MMAC) CFO David C. Bjarnason bought 577 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were acquired at an average price of $26.31 per share, with a total value of $15,180.87. Following the acquisition, the chief financial officer now owns 9,250 shares of the company’s stock, valued at $243,367.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of MMA Capital Management stock traded up $0.01 during midday trading on Monday, reaching $26.01. 8,600 shares of the company’s stock traded hands, compared to its average volume of 8,975. The company has a market cap of $148.95 million, a PE ratio of 10.79 and a beta of 0.42. MMA Capital Management LLC has a 12 month low of $23.70 and a 12 month high of $30.58. The company has a quick ratio of 12.64, a current ratio of 32.13 and a debt-to-equity ratio of 1.09.
MMA Capital Management (NASDAQ:MMAC) last issued its quarterly earnings results on Thursday, August 9th. The financial services provider reported $0.32 earnings per share for the quarter. The company had revenue of $3.50 million for the quarter. MMA Capital Management had a return on equity of 7.26% and a net margin of 127.87%.
An institutional investor recently raised its position in MMA Capital Management stock. Dimensional Fund Advisors LP raised its stake in MMA Capital Management LLC (NASDAQ:MMAC) by 74.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,000 shares of the financial services provider’s stock after acquiring an additional 14,113 shares during the period. Dimensional Fund Advisors LP owned approximately 0.58% of MMA Capital Management worth $846,000 as of its most recent SEC filing. Institutional investors own 10.68% of the company’s stock.
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.
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