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Last $4.07 USD
Change Today -0.01 / -0.25%
Volume 118.3K
MCGC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

mcg capital corp (MCGC) Snapshot

Open
$4.05
Previous Close
$4.08
Day High
$4.08
Day Low
$4.04
52 Week High
09/11/14 - $4.11
52 Week Low
10/28/14 - $3.00
Market Cap
150.9M
Average Volume 10 Days
113.3K
EPS TTM
$1.30
Shares Outstanding
37.1M
EX-Date
11/6/14
P/E TM
3.1x
Dividend
--
Dividend Yield
6.02%
Current Stock Chart for MCG CAPITAL CORP (MCGC)

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mcg capital corp (MCGC) Details

MCG Capital Corporation is a private equity firm specializing in debt, equity, and recapitalization investments in middle and lower middle market companies. The firm seeks to invest in small to mid sized companies. It does not prefer lead and control equity investments. It typically invests in private companies based in the United States. The firm seeks to invest upto $25 million in debt and equity in companies having EBITDA between $3 million and $15 million. It seeks to invest in the form of senior secured loans, including revolvers and term loans; subordinated loans including secured subordinated loans and unsecured or mezzanine loans; second lien debt, equity including common and preferred stock, unitranche loans, and last-out loans. The firm may invest in minority or control equity positions. The firm seeks to act as a board adviser and observer. It was formerly known as MCG Credit Corporation. MCG Capital Corporation was founded in 1998 and is based in Arlington, Virginia.

6 Employees
Last Reported Date: 03/2/15
Founded in 1998

mcg capital corp (MCGC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $375.0K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2013.

mcg capital corp (MCGC) Key Developments

MCG Capital Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

MCG Capital Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s total interest and dividend income was $2,225,000 against $10,888,000 a year ago. Total revenue was $2,278,000 against $11,179,000 a year ago. Net operating loss before net investment loss and income tax provision was $755,000 against net operating income before net investment income and income tax provision of $6,333,000 a year ago. Net income was $2,076,000 against net loss of $18,439,000 a year ago. Net operating loss before net investment loss and income tax provision per basic and diluted common share was $0.02 against net operating income before net investment income and income tax provision per basic and diluted common share of $0.09 a year ago. Income per basic and diluted common share was $0.05 against loss per basic and diluted common share of $0.26 a year ago. For the year, the company’s total interest and dividend income was $25,516,000 against $48,825,000 a year ago. Total revenue was $26,813,000 against $50,485,000 a year ago. Net operating income before net investment loss, loss on extinguishment of debt and income tax provision was $3,143,000 against $29,896,000 a year ago. Total net realized loss on investments was $62,637,000 against $21,890,000 a year ago. Net investment loss before income tax provision was $24,179,000 against $28,594,000 a year ago. Net loss was $20,843,000 against net income of $1,176,000 a year ago. Loss per basic and diluted common share was $0.38 against income per basic and diluted common share of $0.02 a year ago. Net asset value per common share at end of period was $4.69 as on December 31, 2014 against $4.74 as on December 31, 2013. Net cash provided by operating activities was $280,043,000 against $115,391,000 a year ago.

MCG Capital Considers Strategic Alternatives

MCG Capital Corporation (NasdaqGS:MCGC) is considering strategic alternatives. The strategic alternatives include a possible sale of MCG Capital. The Board of MCG Capital engaged Morgan Stanley & Co. LLC as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor.

MCG Capital Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

MCG Capital Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $5,664,000, net operating loss before net investment loss and income tax provision was $976,000, net investment gain before income tax provision was $2,109,000 and net income was $1,285,000 or $0.03 per diluted share against total revenue of $12,587,000, net operating income before net investment gain and income tax provision of $7,964,000, net investment loss before income tax provision of $4,616,000 and net income of $3,289,000 or $0.05 per diluted share a year ago. Net asset value per common share was $4.48 against $5.10 a year ago. For the nine months, total revenue was $24,535,000, net operating income before net investment gain and income tax provision was $3,898,000, net investment loss before income tax provision was $26,965,000 and net loss was $22,919,000 or $0.38 per diluted share against total revenue of $39,306,000, net operating income before net investment gain and income tax provision of $23,563,000, net investment loss before income tax provision of $3,837,000 and net income of $19,615,000 or $0.28 per diluted share a year ago. Net cash provided by operating activities was $259,526,000 against $103,545,000 a year ago.

 

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Industry Analysis

MCGC

Industry Average

Valuation MCGC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.5x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.7x
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