Is MMA Capital Holdings (MMAC) Stock a Buy For 2021?

Clark Street Value is bullish on MMA Capital Holdings Inc. (NASDAQ:MMAC) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. MMA Capital Holdings Inc. (NASDAQ:MMAC) is a portfolio management company. In the last one year, MMA Capital Holdings Inc. (NASDAQ:MMAC) stock lost 20.7% and on December 31st it had a closing price of $24.60.

Clark Street Value said that MMA Capital Holdings Inc. (NASDAQ:MMAC) stock has been a frustrating hold since the company shifted to an external structure. The investor said that Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) is a better and more diversified business compared to MMA Capital Holdings Inc. (NASDAQ:MMAC). However, Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) is trading at more than 4.75x book value and MMA Capital Holdings Inc. (NASDAQ:MMAC) is trading at 0.65x.

Clark Street Value added, “Just reading through the HASI 10-K and investor presentations you get all the good ESG vibes that MMAC should be putting out, but still aren’t, maybe with the recent CEO we’ll see a change, with all the money flowing into ESG products, MMAC has to take full advantage.”

In November 2020, we published an article revealing that Bonhoeffer Capital Management is also bullish on MMA Capital Holdings Inc. (NASDAQ:MMAC) stock. The investment firm believes that the short term target for MMAC stock is $45.

In Q3 2020, the number of bullish hedge fund positions on MMA Capital Holdings Inc. (NASDAQ:MMAC) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that MMA Capital Holdings Inc. (NASDAQ:MMAC) isn’t ranked among the 30 most popular stocks among hedge funds.

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Disclosure: None. This article is originally published at Insider Monkey.