Medley Capital Corp Receives Average Recommendation of “Buy” from Brokerages (NYSE:MCC)
Shares of Medley Capital Corp (NYSE:MCC) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the stock, Stock Ratings News reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.79.
A number of research firms have recently commented on MCC. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Medley Capital Corp in a research note on Monday. They now have a $14.00 price target on the stock, down previously from $14.50. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Medley Capital Corp from $15.00 to $13.75 in a research note on Monday. Finally, analysts at JMP Securities downgraded shares of Medley Capital Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, June 9th. They now have a $15.50 price target on the stock.
Shares of Medley Capital Corp (NYSE:MCC) opened at 13.00 on Monday. Medley Capital Corp has a 52-week low of $12.19 and a 52-week high of $14.80. The stock has a 50-day moving average of $12.92 and a 200-day moving average of $13.2.
Medley Capital Corp (NYSE:MCC) last released its earnings data on Thursday, July 31st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03. Analysts expect that Medley Capital Corp will post $1.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Wednesday, August 27th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend is Monday, August 25th.
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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