Mma Capital Management, Llc (MMAC): Michael L Falcone , CEO of Mma Capital Management, Llc purchased 1,500 shares on Apr 19, 2016. The Insider buying transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.95 per share for a total value of $23,948.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 15, 2016, Michael L Falcone (CEO) purchased 1,600 shares at $16.03 per share price.On Apr 6, 2016, Gary A Mentesana (Executive Vice President) purchased 3,100 shares at $15.97 per share price.
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.