Media coverage about MMA Capital Management (NASDAQ:MMAC) has trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MMA Capital Management earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.9417419746924 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Edited Transcript of MMAC earnings conference call or presentation 10-Aug-18 12:30pm GMT (finance.yahoo.com)
- MMA Capital Management LLC (MMAC) CEO Michael Falcone on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- MMA Capital Management: 2Q Earnings Snapshot (chicagotribune.com)
- MMA Capital Management Announces Second Quarter Results and Investor Conference Call (finance.yahoo.com)
Shares of MMA Capital Management stock traded down $0.50 on Friday, reaching $27.00. 10,647 shares of the company traded hands, compared to its average volume of 6,026. MMA Capital Management has a 52 week low of $23.70 and a 52 week high of $30.58. The company has a market capitalization of $156.79 million, a P/E ratio of 11.41 and a beta of 0.40. The company has a quick ratio of 11.94, a current ratio of 27.99 and a debt-to-equity ratio of 1.15.
MMA Capital Management (NASDAQ:MMAC) last issued its earnings results on Thursday, May 10th. The financial services provider reported ($0.39) EPS for the quarter. The business had revenue of $3.12 million during the quarter. MMA Capital Management had a return on equity of 7.02% and a net margin of 127.87%.
In other news, CEO Michael L. Falcone purchased 1,000 shares of the business’s stock in a transaction on Thursday, July 12th. The shares were acquired at an average price of $26.36 per share, with a total value of $26,360.00. Following the acquisition, the chief executive officer now directly owns 227,647 shares in the company, valued at $6,000,774.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Christopher Hunt purchased 125,000 shares of the business’s stock in a transaction on Tuesday, June 26th. The stock was purchased at an average cost of $34.00 per share, for a total transaction of $4,250,000.00. Following the acquisition, the director now owns 2,500 shares in the company, valued at $85,000. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 140,042 shares of company stock worth $4,658,808. 16.40% of the stock is owned by corporate insiders.
About MMA Capital Management
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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