Medley Capital Corporation (NYSE:MCC) CEO Brook Taube bought 105,932 shares of the stock in a transaction dated Thursday, July 6th. The shares were purchased at an average cost of $6.38 per share, for a total transaction of $675,846.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, July 7th, Brook Taube bought 92,116 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $584,936.60.
  • On Wednesday, July 5th, Brook Taube bought 50,049 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.40 per share, for a total transaction of $320,313.60.
  • On Tuesday, June 27th, Brook Taube bought 136,154 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $864,577.90.
  • On Monday, June 26th, Brook Taube bought 38,287 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.39 per share, for a total transaction of $244,653.93.
  • On Wednesday, June 28th, Brook Taube bought 276,593 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.36 per share, for a total transaction of $1,759,131.48.
  • On Monday, June 12th, Brook Taube bought 552,146 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.15 per share, for a total transaction of $3,395,697.90.
  • On Wednesday, June 7th, Brook Taube bought 584,901 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.08 per share, for a total transaction of $3,556,198.08.
  • On Tuesday, May 30th, Brook Taube bought 436,127 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.08 per share, for a total transaction of $2,651,652.16.
  • On Wednesday, May 24th, Brook Taube bought 133,549 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.11 per share, for a total transaction of $815,984.39.
  • On Tuesday, May 23rd, Brook Taube bought 124,927 shares of Medley Capital Corporation stock. The shares were purchased at an average cost of $6.13 per share, for a total transaction of $765,802.51.

Shares of Medley Capital Corporation (NYSE MCC) traded down 0.16% on Friday, reaching $6.39. 408,690 shares of the company were exchanged. Medley Capital Corporation has a 52-week low of $5.95 and a 52-week high of $8.06. The stock has a 50 day moving average of $6.19 and a 200-day moving average of $7.24.

Medley Capital Corporation (NYSE:MCC) last released its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $24.36 million for the quarter, compared to analysts’ expectations of $26.46 million. Medley Capital Corporation had a return on equity of 8.10% and a net margin of 4.60%. The firm’s quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. Analysts expect that Medley Capital Corporation will post $0.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Wednesday, May 24th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date was Monday, May 22nd. Medley Capital Corporation’s dividend payout ratio is currently 640.06%.

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Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Medley Capital Corporation from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $8.50 to $7.00 in a research note on Tuesday, May 9th. Zacks Investment Research lowered shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Finally, National Securities decreased their price target on shares of Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.38.

A number of hedge funds have recently added to or reduced their stakes in MCC. Sumitomo Mitsui Asset Management Company LTD increased its stake in Medley Capital Corporation by 86.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 407,486 shares of the investment management company’s stock worth $3,133,000 after buying an additional 188,439 shares in the last quarter. Bank of Montreal Can increased its stake in Medley Capital Corporation by 2.8% in the first quarter. Bank of Montreal Can now owns 555,000 shares of the investment management company’s stock worth $4,268,000 after buying an additional 15,000 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Medley Capital Corporation during the first quarter worth approximately $1,451,000. Malaga Cove Capital LLC increased its stake in Medley Capital Corporation by 6.9% in the first quarter. Malaga Cove Capital LLC now owns 13,900 shares of the investment management company’s stock worth $114,000 after buying an additional 900 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Medley Capital Corporation by 28.5% in the first quarter. Janney Montgomery Scott LLC now owns 428,405 shares of the investment management company’s stock worth $3,294,000 after buying an additional 94,917 shares in the last quarter. 36.23% of the stock is currently owned by hedge funds and other institutional investors.

About Medley Capital Corporation

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.

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

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