Shares of Medley Capital Corporation (NYSE:MCC) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $7.00.
A number of equities research analysts have recently commented on MCC shares. BidaskClub downgraded Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine raised Medley Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $6.50 price target on shares of Medley Capital Corporation in a research report on Friday, July 14th. National Securities reissued a “neutral” rating and set a $6.00 price target on shares of Medley Capital Corporation in a research report on Monday, August 14th. Finally, Zacks Investment Research raised Medley Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th.
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Medley Capital Corporation (NYSE MCC) traded up 0.258% during trading on Tuesday, reaching $5.825. The company had a trading volume of 274,318 shares. Medley Capital Corporation has a 12 month low of $5.75 and a 12 month high of $8.06. The firm’s 50 day moving average is $6.20 and its 200-day moving average is $6.74.
Medley Capital Corporation (NYSE:MCC) last announced its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $23.70 million during the quarter, compared to the consensus estimate of $24.67 million. Medley Capital Corporation had a positive return on equity of 8.04% and a negative net margin of 6.07%. During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts anticipate that Medley Capital Corporation will post $0.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend is Monday, August 21st. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -640.00%.
In related news, CEO Brook Taube acquired 92,116 shares of Medley Capital Corporation stock in a transaction on Friday, July 7th. The shares were bought at an average price of $6.35 per share, for a total transaction of $584,936.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Seth Taube acquired 425,255 shares of Medley Capital Corporation stock in a transaction on Friday, June 23rd. The shares were bought at an average price of $6.27 per share, for a total transaction of $2,666,348.85. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,847,380 shares of company stock valued at $11,714,945. 8.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of MCC. Muzinich & Co. Inc. lifted its stake in shares of Medley Capital Corporation by 135.1% during the first quarter. Muzinich & Co. Inc. now owns 1,919,003 shares of the investment management company’s stock worth $14,757,000 after purchasing an additional 1,102,871 shares in the last quarter. UBS Group AG lifted its stake in shares of Medley Capital Corporation by 28.1% during the first quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock worth $7,236,000 after purchasing an additional 206,314 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Medley Capital Corporation during the first quarter worth about $1,451,000. PVG Asset Management Corp acquired a new position in shares of Medley Capital Corporation during the first quarter worth about $1,268,000. Finally, Ares Management LLC lifted its stake in shares of Medley Capital Corporation by 15.2% during the first quarter. Ares Management LLC now owns 961,710 shares of the investment management company’s stock worth $7,396,000 after purchasing an additional 126,600 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.
Medley Capital Corporation Company Profile
Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions.
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