MCG Capital Corp. Shares Had a Short Interest Downtrend

The shares of debt and equity capital provider, MCG Capital Corp., have undergone a downtrend in July by up to 36.7%.

By the end of July, the total 1,191,112 shares of MCG Capital Corp. had a short interest decline by 36.7% from mid of July, which recorded 1,882,638 shares. ARN reported that 1.9% portion of MCG Capital Corp.’s stocks was limitedly retailed. The day-to-cover ratio of its shares is declared 2.4 days, whereas its shares daily volume is 506,573 on the average.

In a research note released on August 8, Friday, MCG Capital Corp.’s stock has been a topic by several analysts, including the ones from FBR Capital Markets. The price target of the firm’s shares was raised ($4.20 a share from $3.75 a share).

MCG Capital Corp. evidently hit $3.96 on Monday, marking its 0.50% low trading rate. The deal ended with 329,699 shares volume. Records also indicated that a high of $5.36 and low of $3.20 a share have been subjected to MCG Capital Corp. The moving average of MCG Capital Corp. for 200 days is $3.79, whereas its moving standard for 50 days is $3.94. The market cap of MCG Capital Corp. resulted to $196 million.

Last August 7, Thursday, MCG Capital Corp. disclosed its earnings. The earnings missed the approximated $0.02 by the analysts and fell in $0.01 earnings a share for the recent quarter. The quarter also marked the $9.50 million revenue of the firm, which bettered $8.74 million consensus projection. During the previous year of the same quarter, MCG Capital Corp. had $0.11 earnings for every share. On a year-over-year foundation, the quarter revenue is a downturn for MCG Capital Corp. at 26.4%. For 2014’s current fiscal year, MCG Capital Corp. is expected to post $0.17 earnings per share.

The quarterly dividend has been disclosed by the company, which is set for release on August 29, Friday. A bonus of $0.05 for every share will be provided to stockholders registered on August 20, Wednesday. The disclosure is a yield of 5.03% in dividends and $0.20 dividend based on annual report. The previous dividend schedule is August 18, Monday.

MCG Capital Corp. is responsible for providing U.S.-based private companies debt and equity capital. The firm has the goal of supporting companies financially in valuing their employees, communities, and shareholders. Furthermore, MCG Capital Corp. seeks to provide more than capital, but added value that will leverage the industry members’ investment and operational experience.