Maxim resumes coverage on MVC Capital
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.