BALTIMORE (AP) _ MMA Capital Management LLC (MMAC) on Monday reported a first-quarter loss of $3.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Baltimore-based company said it had a loss of 53 cents.
The investment firm posted revenue of $3 million in the period.
MMA Capital Management shares have declined 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.99, a decrease of 13% in the last 12 months.