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CEO and President Michael L. Falcone, Municipal Mortgage & Equity LLC Insider Buys 10,530 Shares

Michael L. Falcone, CEO and President of Municipal Mortgage & Equity LLC, bought 10,530 shares of Municipal Mortgage & Equity LLC (MMAB) at $1.89 per share for a total amount of $19,900 on June 30, 2014.

Municipal Mortgage & Equity LLC is located in Baltimore, Maryland.

Thursday, May 15, 2014, Municipal Mortgage & Equity LLC announced its latest quarterly results. The Company reported common shareholders’ equity of $80.7 million at March 31, 2014 ($2.02 per common share), representing an increase of $15.4 million from common shareholders’ equity of $65.3 million at December 31, 2013 ($1.61 per common share). The increase in common shareholders’ equity included $16.4 million of comprehensive income allocable to common shareholders, partially offset by a $0.9 million direct reduction to common equity as a result of the Company’s share buyback program under which 0.7 million common shares were purchased at an average price of $1.28 during the first quarter 2014.

According to Capital IQ, Municipal Mortgage & Equity LLC has a market cap of $71.83 million, an enterprise value of $411.23 million, and Enterprise value to trailing 12 month revenues of 0.76.

Municipal Mortgage and Equity, LLC, a real estate asset management company, creates and manages debt and equity investments collateralized primarily by multifamily housing. It primarily owns and manages tax-exempt bonds collateralized by affordable multifamily rental properties in the United States. The company also manages tax credit equity funds for third party investors, which invest in similar affordable multifamily rental properties. In addition, it raises, invests in, and manages private real estate funds, which invest in affordable for-sale and rental housing primarily in South Africa. The company was founded in 1995 and is headquartered in Baltimore, Maryland.

Michael L. Falcone’s most recent annual compensation from Municipal Mortgage & Equity LLC is a salary of $680,000, $23,121 in other compensation, and a total compensation of $803,121. Mr. Falcone is 51 years old.

All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .

About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.


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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.