Medley Capital Corp (NYSE:MCC) CEO Brook Taube purchased 124,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $6.13 per share, with a total value of $765,802.51. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Brook Taube also recently made the following trade(s):

  • On Wednesday, May 24th, Brook Taube purchased 133,549 shares of Medley Capital Corp stock. The stock was bought at an average price of $6.11 per share, with a total value of $815,984.39.
  • On Monday, May 22nd, Brook Taube purchased 133,549 shares of Medley Capital Corp stock. The stock was bought at an average price of $6.15 per share, with a total value of $821,326.35.
  • On Friday, March 17th, Brook Taube purchased 12,060 shares of Medley Capital Corp stock. The stock was bought at an average price of $7.50 per share, with a total value of $90,450.00.
  • On Wednesday, March 15th, Brook Taube purchased 93,323 shares of Medley Capital Corp stock. The stock was bought at an average price of $7.50 per share, with a total value of $699,922.50.

Medley Capital Corp (NYSE:MCC) traded down 3.56% on Wednesday, reaching $5.96. The company had a trading volume of 1,034,231 shares. Medley Capital Corp has a 1-year low of $5.96 and a 1-year high of $8.06. The company’s 50-day moving average price is $7.18 and its 200 day moving average price is $7.52.

Medley Capital Corp (NYSE:MCC) last announced its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. Medley Capital Corp had a net margin of 15.63% and a return on equity of 9.16%. The business had revenue of $24.36 million for the quarter, compared to analysts’ expectations of $26.46 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue was down 20.7% on a year-over-year basis. Equities research analysts expect that Medley Capital Corp will post $0.73 EPS for the current year.

Insider Buying and Selling by Quarter for Medley Capital Corp (NYSE:MCC)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, May 24th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $0.64 annualized dividend and a yield of 10.74%. Medley Capital Corp’s dividend payout ratio is presently 266.67%.

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A number of hedge funds have recently made changes to their positions in MCC. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Medley Capital Corp by 175.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 289,859 shares of the investment management company’s stock valued at $2,177,000 after buying an additional 184,669 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Medley Capital Corp by 18.4% in the fourth quarter. Guggenheim Capital LLC now owns 497,134 shares of the investment management company’s stock valued at $3,733,000 after buying an additional 77,285 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Medley Capital Corp by 158.5% in the fourth quarter. Two Sigma Investments LP now owns 440,453 shares of the investment management company’s stock valued at $3,308,000 after buying an additional 270,094 shares in the last quarter. Advisory Research Inc. boosted its stake in shares of Medley Capital Corp by 137.8% in the fourth quarter. Advisory Research Inc. now owns 233,977 shares of the investment management company’s stock valued at $1,757,000 after buying an additional 135,588 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Medley Capital Corp during the fourth quarter valued at about $320,000. 30.60% of the stock is owned by institutional investors.

MCC has been the subject of several recent research reports. Jefferies Group LLC set a $8.00 price target on Medley Capital Corp and gave the stock a “hold” rating in a research report on Saturday, February 11th. Zacks Investment Research upgraded Medley Capital Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 15th. National Securities reiterated a “neutral” rating and issued a $7.00 price target on shares of Medley Capital Corp in a research report on Friday, February 17th. Finally, Keefe, Bruyette & Woods set a $9.00 price target on Medley Capital Corp and gave the stock a “buy” rating in a research report on Thursday, March 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.38.

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.

12 Month Chart for NYSE:MCC

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