MMA Capital Management, LLC (NASDAQ:MMAC) Posts Earnings Results
MMA Capital Management, LLC (NASDAQ:MMAC) released its quarterly earnings results on Wednesday. The financial services provider reported $1.16 earnings per share for the quarter, Morningstar.com reports. MMA Capital Management had a net margin of 43.37% and a return on equity of 4.53%. The company had revenue of $10.97 million for the quarter.
MMA Capital Management (NASDAQ:MMAC) traded up 0.96% on Thursday, hitting $24.90. 1,815 shares of the company were exchanged. The stock has a market capitalization of $146.86 million, a P/E ratio of 6.82 and a beta of 1.31. The company has a 50 day moving average price of $23.03 and a 200-day moving average price of $22.82. MMA Capital Management has a 52 week low of $17.10 and a 52 week high of $24.90.
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An institutional investor recently raised its position in MMA Capital Management stock. Catalyst Capital Advisors LLC increased its stake in shares of MMA Capital Management, LLC (NASDAQ:MMAC) by 20.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,780 shares of the financial services provider’s stock after buying an additional 8,093 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.79% of MMA Capital Management worth $1,034,000 at the end of the most recent quarter. 14.56% of the stock is owned by institutional investors.
MMA Capital Management Company Profile
MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.
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