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) 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%.
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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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