MVC Capital, Inc. (N:MVC)

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEC
Company Contact
Address: 287 Bowman Ave
PURCHASE NY 10577-2568
Tel: 1-212-8961249
IR: See website
Key People
Michael T. Tokarz
Chairman of the Board and Portfolio Manager
Scott J. Schuenke
Chief Financial Officer
Kevin M. Byrne
Chief Compliance Officer
Jaclyn Shapiro-Rothchild
Vice President, Secretary
Business Overview
MVC Capital, Inc. is a non-diversified closed-end management investment company. The Company's investment objective is to seek to maximize total return from capital appreciation and/or income. The Company's segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc. (MVCFS). It seeks to achieve its investment objective by providing debt and equity financing to companies, including privately owned (portfolio companies), and by establishing a subsidiary or subsidiaries that would serve as general partner to a private equity or other investment fund(s). It has investments in various sectors, including energy, specialty chemicals, automotive dealerships, electrical engineering, medical devices, industrial manufacturing, financial services and information technology. The Tokarz Group Advisers LLC is the investment advisor of the Company.
Financial Overview
For the three months ended 31 January 2020, MVC Capital, Inc. revenues increased 21% to $7.8M. Net income totaled $4.4M vs. loss of $3.1M. Revenues reflect MVC segment increase of 21% to $7.5M, MVCFS segment increase of 30% to $326K. Net Income reflects Net unrealized appreciation (depreciatio increase from $9.7M (expense) to $2K (income), Other Expenses decrease of 24% to $99K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $211.83M as of Jan 31, 2020
Annual revenue (TTM): $31.89M as of Jan 31, 2020
EBITDA (TTM): $13.99M as of Jan 31, 2020
Net annual income (TTM): $23.79M as of Jan 31, 2020
Free cash flow (TTM): $43.68M as of Jan 31, 2020
Net Debt Last Fiscal Year: $87.58M as of Jan 31, 2020
Shares outstanding: 17,725,118 as of Mar 9, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization