Municipal Mortgage & Equity, LLC (MMAC) EVP Purchases $14,220.00 in Stock

Municipal Mortgage & Equity, LLC (NASDAQ:MMAC) EVP Gary A. Mentesana acquired 500 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was purchased at an average cost of $28.44 per share, with a total value of $14,220.00. Following the transaction, the executive vice president now owns 171,641 shares of the company’s stock, valued at $4,881,470.04. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Municipal Mortgage & Equity traded down $0.45, hitting $27.55, on Thursday, MarketBeat.com reports. 2,029 shares of the company were exchanged, compared to its average volume of 10,940. Municipal Mortgage & Equity, LLC has a twelve month low of $28.40 and a twelve month high of $28.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 10.49 and a current ratio of 27.99. The firm has a market capitalization of $160.21 million, a price-to-earnings ratio of 8.70 and a beta of 0.76.

Municipal Mortgage & Equity (NASDAQ:MMAC) last issued its quarterly earnings results on Friday, March 16th. The financial services provider reported $0.84 EPS for the quarter. Municipal Mortgage & Equity had a net margin of 115.03% and a return on equity of 9.15%. The firm had revenue of $7.67 million during the quarter.

Municipal Mortgage & Equity declared that its Board of Directors has approved a stock repurchase program on Friday, March 16th that authorizes the company to buyback $130,000.00 in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of hedge funds have recently modified their holdings of MMAC. Advisor Group Inc. acquired a new position in Municipal Mortgage & Equity during the fourth quarter worth approximately $127,000. Wells Fargo & Company MN increased its position in Municipal Mortgage & Equity by 101.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,833 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 2,939 shares during the last quarter. Sei Investments Co. acquired a new position in Municipal Mortgage & Equity during the first quarter worth approximately $161,000. Renaissance Technologies LLC increased its position in Municipal Mortgage & Equity by 41.9% during the fourth quarter. Renaissance Technologies LLC now owns 15,551 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 4,589 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Municipal Mortgage & Equity by 107.0% during the first quarter. Dimensional Fund Advisors LP now owns 18,887 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 9,764 shares during the last quarter. 11.47% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Municipal Mortgage & Equity from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

About Municipal Mortgage & Equity

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.

Insider Buying and Selling by Quarter for Municipal Mortgage & Equity (NASDAQ:MMAC)

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