Silver Capital Management Lowers stake in MRV Communications (MRVC)

MRV Communications (MRVC) : Silver Capital Management reduced its stake in MRV Communications by 48.32% during the most recent quarter end. The investment management company now holds a total of 10,374 shares of MRV Communications which is valued at $119,301 after selling 9,700 shares in MRV Communications , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.MRV Communications makes up approximately 0.54% of Silver Capital Management’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in MRVC by selling 708 shares or 11.05% in the most recent quarter. The Hedge Fund company now holds 5,700 shares of MRVC which is valued at $68,942.

MRV Communications opened for trading at $12.1001 and hit $13.0519 on the upside on Monday, eventually ending the session at $12.99, with a gain of 6.48% or 0.79 points. The heightened volatility saw the trading volume jump to 21,697 shares. Company has a market cap of $89 M.

MRV Communications Inc. (MRV) is a provider of telecommunications devices and systems that feature converged packet and optical solutions. MRV markets and sells its products through a direct sales force manufacturers’ representatives value-added-resellers distributors and systems integrators. The Company conducts its business along two principal segments: the Network Equipment segment and the Network Integration segment. MRV’s Network Equipment segment designs manufactures sells and services equipment used by commercial customers governments and telecommunications service providers. Products include switches optical transport platforms physical layer products and out-of-band management products and specialized networking products. The Network Integration segment which primarily operates in Italy provides network system design integration and distribution services that include products manufactured by third-party vendors.

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