Analysts Set Medley Capital Corp (MCC) Target Price at $6.17

Shares of Medley Capital Corp (NYSE:MCC) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.17.

A number of research firms recently commented on MCC. Zacks Investment Research lowered Medley Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine lowered Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods set a $6.00 price target on Medley Capital and gave the company a “hold” rating in a research note on Friday, December 8th. Finally, National Securities reissued a “neutral” rating and issued a $6.00 price target on shares of Medley Capital in a research note on Thursday, December 7th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ares Management LLC lifted its stake in Medley Capital by 0.5% in the second quarter. Ares Management LLC now owns 966,210 shares of the investment management company’s stock valued at $6,174,000 after buying an additional 4,500 shares during the period. Stifel Financial Corp lifted its stake in Medley Capital by 23.3% in the second quarter. Stifel Financial Corp now owns 34,320 shares of the investment management company’s stock valued at $220,000 after buying an additional 6,480 shares during the period. Stephens Inc. AR lifted its stake in Medley Capital by 36.7% in the second quarter. Stephens Inc. AR now owns 24,935 shares of the investment management company’s stock valued at $159,000 after buying an additional 6,700 shares during the period. Legal & General Group Plc lifted its stake in Medley Capital by 9.5% in the second quarter. Legal & General Group Plc now owns 140,038 shares of the investment management company’s stock valued at $896,000 after buying an additional 12,162 shares during the period. Finally, CIBC World Markets Inc. lifted its stake in Medley Capital by 114.9% in the second quarter. CIBC World Markets Inc. now owns 24,976 shares of the investment management company’s stock valued at $160,000 after buying an additional 13,352 shares during the period. 29.15% of the stock is currently owned by hedge funds and other institutional investors.

Medley Capital (NYSE MCC) remained flat at $$5.30 during trading on Monday. The company had a trading volume of 130,694 shares, compared to its average volume of 211,992. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $288.71, a price-to-earnings ratio of -18.93, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22. Medley Capital has a one year low of $5.09 and a one year high of $8.05.

Medley Capital (NYSE:MCC) last posted its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company had revenue of $22.10 million for the quarter, compared to analyst estimates of $23.51 million. Medley Capital had a negative return on equity of 10.35% and a negative net margin of 54.87%. The firm’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. sell-side analysts anticipate that Medley Capital will post 0.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 12.08%. The ex-dividend date was Tuesday, November 21st. Medley Capital’s dividend payout ratio (DPR) is presently -228.57%.

COPYRIGHT VIOLATION WARNING: “Analysts Set Medley Capital Corp (MCC) Target Price at $6.17” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2018/01/18/analysts-set-medley-capital-corp-mcc-target-price-at-6-17.html.

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.

Receive News & Ratings for Medley Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply