Are they planning a new equity offering?
Yes, 4 million shares at $14.75.
My guess is that the Rus2000 has dropped, in % terms, 2-3X the Dow drop in recent days.
That's the target mkt for MCC, so if those companies are worth a lot less, MCC could be hurt.
My guess only...
They had secondary in august and dec. of last year. See there website for issue dates. Can't seeing them going another SPO for awhile-they have enough funds to put to work for sometime.The small business license looks good for future growth.
They just expanded their line of credit; more debt makes investors nervous, think they're paying the dividend out of borrowed money.
Maybe some profit taking? They have been running up over the last few months now this past week some may be taking advantage of that.