Medley Capital (MCC) Reaches New 1-Year Low at $5.31

Medley Capital Corporation (NYSE:MCC) reached a new 52-week low during trading on Monday . The stock traded as low as $5.31 and last traded at $5.44, with a volume of 492000 shares changing hands. The stock had previously closed at $5.38.

Several equities research analysts have commented on the stock. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Medley Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. National Securities reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Medley Capital in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the stock a “hold” rating in a research report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.17.

The firm has a market capitalization of $287.62, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06.

Medley Capital (NYSE:MCC) last issued its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $22.10 million during the quarter, compared to the consensus estimate of $23.51 million. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The company’s revenue was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Medley Capital Corporation will post 0.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 12.08%. Medley Capital’s dividend payout ratio (DPR) is currently -246.15%.

Institutional investors have recently modified their holdings of the business. Airain ltd raised its position in shares of Medley Capital by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock worth $111,000 after acquiring an additional 462 shares during the period. BB&T Securities LLC acquired a new position in shares of Medley Capital in the second quarter worth about $112,000. Macquarie Group Ltd. acquired a new position in shares of Medley Capital in the third quarter worth about $124,000. Citadel Advisors LLC acquired a new position in shares of Medley Capital in the second quarter worth about $156,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Medley Capital in the second quarter worth about $158,000. Institutional investors and hedge funds own 29.15% of the company’s stock.

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Medley Capital 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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