Medley Capital Corp CEO Brook Taube Acquires 3,312 Shares (MCC)
Medley Capital Corp (NYSE:MCC) CEO Brook Taube bought 3,312 shares of Medley Capital Corp stock on the open market in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $12.39 per share, for a total transaction of $41,035.68. Following the completion of the purchase, the chief executive officer now directly owns 140,000 shares of the company’s stock, valued at approximately $1,734,600. The transaction was disclosed in a filing with the SEC, which is available at this link.
Medley Capital Corp (NYSE:MCC) traded up 0.24% during mid-day trading on Tuesday, hitting $12.46. 373,299 shares of the company’s stock traded hands. Medley Capital Corp has a 1-year low of $12.19 and a 1-year high of $15.15. The stock’s 50-day moving average is $12.88 and its 200-day moving average is $13.71.
Medley Capital Corp (NYSE:MCC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. Analysts expect that Medley Capital Corp will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.91%. The ex-dividend date of this dividend is Friday, May 23rd.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Medley Capital Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Medley Capital Corp from $15.25 to $15.00 in a research note on Monday, May 5th. Finally, analysts at Zacks upgraded shares of Medley Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $16.50 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Medley Capital Corp has an average rating of “Buy” and an average target price of $15.58.
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 to help these companies fund acquisitions, growth initiatives and working capital requirements or in connection with recapitalizations or other refinancing transactions.
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