Revenue Update on MMA Capital Management LLC(NASDAQ:MMAC)

MMA Capital Management LLC(NASDAQ:MMAC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $2.58.

MMA Capital Management LLC (MMAC) made into the market gainers list on Fridays trading session with the shares advancing 3.04% or 0.65 points. Due to strong positive momentum, the stock ended at $22, which is also near the day’s high of $22. The stock began the session at $21.5 and the volume stood at 13,650 shares. The 52-week high of the shares is $22.75 and the 52 week low is $15.15. The company has a current market capitalization of $130 M and it has 59,21,006 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2017, David C Bjarnason (CFO) purchased 200 shares at $22.40 per share price.Also, On Jan 27, 2017, Gary A Mentesana (Executive Vice President) purchased 1,500 shares at $20.70 per share price.On Jan 27, 2017, Michael L Falcone (CEO) purchased 250 shares at $20.70 per share price, according to the Form-4 filing with the securities and exchange commission.

MMA Capital Management LLC formerly Municipal Mortgage & Equity LLC partners with institutional capital to create alternative investment opportunities. The Company operates through two segments: United States Operations and International Operations. Its United States Operations consists of three business lines; Leveraged Bonds Low-Income Housing Tax Credits (LIHTCs) and Other Investments and Obligations. The Company manages its International Operations through a 96% owned subsidiary International Housing Solutions (IHS) where its strategy is to raise invest in and manage private real estate funds. IHS currently manages three funds: the South Africa Workforce Housing Fund which is a multi-investor fund and is fully invested; IHS Residential Partners I which is a single-investor fund targeted at the emerging middle class in South Africa and IHS Fund II which is a multi-investor fund targeting investments in green affordable housing in South Africa and Sub-Saharan Africa.

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