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Maxim resumes coverage on MVC Capital

Oct 13, 2017 - SNL Financial

Maxim Group on Oct. 12 resumed coverage of MVC Capital Inc., after suspending its coverage in 2015.

The company had announced plans to monetize its non-yield investments and to raise its dividend by 11%. Analyst Michael Diana thinks the company is "well positioned to succeed" in making those changes.

Diana has a "buy" rating on the stock and a price target of $12.50. His GAAP EPS estimates for the company are $1.42 for 2017 and 51 cents for 2018.