Top Value Stocks of Investor Michael Price

Value investor Michael Price sports an outstanding track record as a money manager.

Price got his start with Max Heine at Mutual Series, where he became chairman and president in 1988. Ten years later he sold Heine Securities, the investment advisor to Mutual Series Fund, to Franklin Resources for $670 million. And in 2001, he started his own company, MFP Investors, which has about $1.6 billion under management. He is ranked 664 on Forbes' list of the world's billionaires.

Stockpickr has reviewed all of Price's stock holdings and compiled the Top Stocks of Michael Price, basing the picks on the stocks' price/earnings-to-growth, or PEG, ratios. The PEG ratio measures the price-to-earnings (P/E) ratio in relation to the company's expected future earnings growth rate. The lower the PEG, the better the value, with a PEG below 2 considered very favorable. Price, who takes a value approach to investing, has several stocks with PEGs below 1.

At the top of the list is MVC Capital(MVC Quote). The investment firm, which has a very low P/E ratio of 4.9, and an excellent PEG of 0.6, recently delivered its latest quarterly dividend of 12 cents a share, which translates to a yield of 3% for investors. On Nov. 1, it filed a Form 8-K with the Securities and Exchange Commission disclosing a net asset value of some $15.21 per share.