Medley Capital Corp. (MCC) Receives Average Recommendation of “Hold” from Analysts
Medley Capital Corp. (NYSE:MCC) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.00.
A number of brokerages have recently commented on MCC. Zacks Investment Research upgraded Medley Capital Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 12th. Jefferies Group restated a “hold” rating on shares of Medley Capital Corp. in a report on Friday, August 12th. National Securities restated a “neutral” rating and issued a $7.00 price target on shares of Medley Capital Corp. in a report on Thursday, August 11th. Finally, FBR & Co restated a “hold” rating on shares of Medley Capital Corp. in a report on Wednesday, August 10th.
In other Medley Capital Corp. news, Director Seth Taube purchased 239,947 shares of the stock in a transaction on Tuesday, August 16th. The shares were purchased at an average price of $7.44 per share, with a total value of $1,785,205.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brook Taube purchased 20,000 shares of the stock in a transaction on Thursday, September 1st. The shares were acquired at an average cost of $7.49 per share, for a total transaction of $149,800.00. The disclosure for this purchase can be found here. Company insiders own 0.74% of the company’s stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/medley-capital-corp-mcc-receives-average-recommendation-of-hold-from-analysts.html
A number of institutional investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in Medley Capital Corp. during the second quarter valued at approximately $3,619,000. Nuveen Fund Advisors LLC purchased a new position in Medley Capital Corp. during the second quarter valued at approximately $1,844,000. Janney Montgomery Scott LLC increased its position in Medley Capital Corp. by 43.8% in the second quarter. Janney Montgomery Scott LLC now owns 400,342 shares of the investment management company’s stock valued at $3,011,000 after buying an additional 121,971 shares during the last quarter. Confluence Investment Management LLC increased its position in Medley Capital Corp. by 18.0% in the second quarter. Confluence Investment Management LLC now owns 657,221 shares of the investment management company’s stock valued at $4,403,000 after buying an additional 100,300 shares during the last quarter. Finally, Orinda Asset Management LLC purchased a new position in Medley Capital Corp. during the second quarter valued at approximately $618,000. 28.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Medley Capital Corp. (NYSE:MCC) traded down 0.26% during mid-day trading on Wednesday, hitting $7.66. 103,816 shares of the stock were exchanged. The stock’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.08. Medley Capital Corp. has a 52-week low of $5.26 and a 52-week high of $8.10.
Medley Capital Corp. (NYSE:MCC) last posted its earnings results on Tuesday, August 9th. The investment management company reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $28.41 million for the quarter, compared to analyst estimates of $30.15 million. Medley Capital Corp. had a positive return on equity of 10.43% and a negative net margin of 31.75%. The company’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts forecast that Medley Capital Corp. will post $0.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Wednesday, August 24th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date was Monday, August 22nd. Medley Capital Corp.’s dividend payout ratio (DPR) is presently -122.22%.
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.
Receive News & Ratings for Medley Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.