Stock News Alert: MMA Capital Holdings (NASDAQ:MMAC)

MMA Capital Holdings (NASDAQ:MMAC) moved -1.29% to recent value of $30.71. The stock transacted 3243 shares during most recent day however it has an average volume of 11.58K shares. It spotted trading -13.49% off 52-week high price. On the other end, the stock has been noted 22.11% away from the low price over the last 52-weeks.

On Jan. 7, 2020, MMA Capital Holdings (NASDAQ:MMAC) notified the repayment of financing which the Company provided to affiliates of Hunt Investment Management, LLC (collectively, Hunt), its external manager, on January 8, 2018, in connection with the sale of various businesses and assets (the MTA Note), which was further amended on December 20, 2019.  Specifically, on January 3, 2020, Hunt made a $53.6 million prepayment of principal and interest on the MTA Note and, in connection with this prepayment, the MTA Note was terminated.

Michael Falcone, MMA Capital’s Chief Executive Officer stated, In continuation of the previously announced transactions entered into in December, we are pleased to declared the full repayment and termination of the MTA Note.  The repayment creates financial flexibility for the Company as we manage our capital requirements and seek to maximize shareholder value.

About MMAC

MMA Capital invests in debt associated with renewable energy infrastructure and real estate. MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies

MMAC has a gross margin of 86.20% and an operating margin of -96.90%.

The company has 5.84M of outstanding shares and 4.36M shares were floated in the market. The price moved ahead of -2.45% from the mean of 20 days, -3.67% from mean of 50 days SMA and performed -2.19% from mean of 200 days price. Company’s performance for the week was -2.66%, -1.88% for month and YTD performance remained -3.43%.

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