Michael Falcone (Insider Trades), CEO and president of MMA Capital Management LLC (MMAC), bought 1,800 shares of the company on Jan. 28. The average price per share was $14.73, for a total transaction of $26,514.
MMA Capital Management partners with institutional capital to create and manage investments in affordable housing and renewable energy. The company operates through three segments: U.S. Operations, International Operations and Corporate Operations. MMA has a market cap of $96.97 million.
There were 11 insider buys totaling 20,750 company shares in 2013 alone. This number decreased by more than 50% in the following year, which correlates to an increase in month end price of approximately $4.00 per share. MMA insider buys grew in the first half of 2015, despite the rising month end price. 
Like Falcone, MMA Executive Vice President Gary Mentesana (Insider Trades) bought 1,800 shares of the company on Jan. 28, for an average price per share of $14.73. For more information about insider trades with MMA Capital Management LLC, click here.
The company reported net loss of $10.36 million in the third quarter of 2015, down from net income of $5.47 million in the third quarter of the previous year. Diluted income per common share decreased from $1.62 to 49 cents during this period. Total revenue also decreased from $12.58 million to $7.02 million when comparing the third quarter of 2014 to the third quarter of 2015. MMA’s annual net income follows a growing trend line, but the company’s annual net revenue fell by 11.83% since 2011. 
The company invested $25 million in a solar energy lending joint venture and is expecting to put in an additional $25 million. Falcone commented that the company expects this to “significantly increase our cash flow.” MMA Energy Capital LLC, a subsidiary of MMA Capital Management LLC, announced the closing of an $11 million financing facility with SunStream Partners, LLC, on Dec. 10, 2015. The money will go toward two unique 2.6 MW solar projects in New York. Richard Fortin, principal of SunStream, stated, “The project will yield significant environmental benefits and allow our clients to reinvest savings in additional energy efficiency initiatives.”
Jim Simons (Trades, Portfolio) sold all his 19,899 shares held of MMA in the third quarter of 2015. The average price per share was $12.99, up from an average price of $10.91, which was the value at purchase. The total estimated gain of the holding was 19%. For more information about guru trades with MMA, click here.
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