Insider Buys Large Amount of Stock in MVC Capital (MVC)
Symbols: MVC
Posted in: Long Ideas, Small Cap Analysis, Management, Insider Trades, Intraday Update, Markets, Trading Ideas
Michael Tokarz, Managing Principal and Co-Portfolio Manager of MVC Capital Corporation, purchased 24,398 shares of the company on 10/6/09.
This represents an increase of 4% on his existing position in MVC Capital Corp (NYSE: MVC). At the transaction price of $8.97 the total purchase was for $219,000.
MVC Capital is a private equity business development company which invests in a portfolio of private companies throughout the world and across several sectors.
MVC Capital is currently trading for close to 60% of net asset value and has largely missed the market run up since March.
The company is down 14.6% year to date, but did trade up 4.7% to $9.29/share today on higher than normal volume.
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