Published On: Wed, Sep 14th, 2016

Medley Capital Corp. (NYSE:MCC) Given Consensus Rating of “Hold” by Analysts

Medley Capital Corp. (NYSE:MCC) has received an average rating of “Hold” from the ten research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.00.
A number of research analysts recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Medley Capital Corp. in a research report on Friday, August 12th. Zacks Investment Research cut shares of Medley Capital Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. FBR & Co reissued a “hold” rating on shares of Medley Capital Corp. in a research report on Wednesday, August 10th. Finally, National Securities reissued a “neutral” rating and set a $7.00 price target on shares of Medley Capital Corp. in a research report on Thursday, August 11th.
Shares of Medley Capital Corp. (NYSE:MCC) traded up 2.13% during mid-day trading on Wednesday, hitting $7.20. 256,654 shares of the company were exchanged. The company has a 50 day moving average of $7.44 and a 200 day moving average of $6.88. Medley Capital Corp. has a 52 week low of $5.26 and a 52 week high of $8.77.

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Medley Capital Corp. (NYSE:MCC) last issued its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Medley Capital Corp. had a negative net margin of 31.75% and a positive return on equity of 10.43%. The company earned $28.41 million during the quarter, compared to analysts’ expectations of $30.15 million. During the same period last year, the company posted $0.30 EPS. Medley Capital Corp.’s revenue was down 21.0% on a year-over-year basis. Analysts forecast that Medley Capital Corp. will post $0.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, August 24th will be paid a $0.22 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.48%. Medley Capital Corp.’s dividend payout ratio is presently -122.22%.
In related news, CEO Brook Taube purchased 100,000 shares of Medley Capital Corp. stock in a transaction dated Monday, August 22nd. The stock was purchased at an average cost of $7.55 per share, for a total transaction of $755,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Seth Taube purchased 171,000 shares of Medley Capital Corp. stock in a transaction dated Friday, August 19th. The stock was bought at an average price of $7.69 per share, with a total value of $1,314,990.00. The disclosure for this purchase can be found here. 0.74% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Vivaldi Asset Management LLC bought a new stake in shares of Medley Capital Corp. during the first quarter worth approximately $618,000. Bancorpsouth Inc. bought a new stake in shares of Medley Capital Corp. during the first quarter worth approximately $231,000. BlackRock Group LTD raised its stake in shares of Medley Capital Corp. by 8.5% in the first quarter. BlackRock Group LTD now owns 274,984 shares of the investment management company’s stock worth $1,815,000 after buying an additional 21,625 shares in the last quarter. American Financial Group Inc. raised its stake in shares of Medley Capital Corp. by 29.3% in the first quarter. American Financial Group Inc. now owns 2,199,858 shares of the investment management company’s stock worth $14,519,000 after buying an additional 498,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Medley Capital Corp. by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 17,871 shares of the investment management company’s stock worth $118,000 after buying an additional 6,387 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.
Medley Capital Corp. 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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