Wall Street brokerages expect Medley Capital Corporation (NYSE:MCC) to post $0.17 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Medley Capital Corporation’s earnings, with estimates ranging from $0.15 to $0.20. Medley Capital Corporation reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 26.1%. The company is expected to announce its next earnings report on Thursday, December 14th.

On average, analysts expect that Medley Capital Corporation will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.72. For the next financial year, analysts expect that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.60 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Medley Capital Corporation.

Medley Capital Corporation (NYSE:MCC) last posted its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $24.67 million. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. During the same period last year, the firm posted $0.20 earnings per share.

A number of brokerages have weighed in on MCC. Keefe, Bruyette & Woods downgraded shares of Medley Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $8.50 to $7.00 in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $6.50 target price on shares of Medley Capital Corporation in a research note on Friday, July 14th. National Securities reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Medley Capital Corporation in a research note on Monday. Finally, BidaskClub downgraded shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.00.

Medley Capital Corporation (NYSE:MCC) opened at 6.33 on Wednesday. The stock has a 50 day moving average of $6.41 and a 200 day moving average of $6.98. Medley Capital Corporation has a 12-month low of $5.95 and a 12-month high of $8.06.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 10.11%. The ex-dividend date of this dividend is Monday, August 21st. Medley Capital Corporation’s dividend payout ratio is -640.00%.

In other Medley Capital Corporation news, Director Seth Taube purchased 304,128 shares of the stock in a transaction dated Friday, May 19th. The stock was bought at an average price of $6.20 per share, for a total transaction of $1,885,593.60. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brook Taube purchased 133,549 shares of the stock in a transaction dated Monday, May 22nd. The shares were acquired at an average price of $6.15 per share, with a total value of $821,326.35. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 6,016,910 shares of company stock valued at $37,280,401. 8.70% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Airain ltd boosted its stake in shares of Medley Capital Corporation by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock valued at $111,000 after buying an additional 462 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in shares of 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 valued at $114,000 after buying an additional 900 shares in the last quarter. Cue Financial Group Inc. boosted its stake in shares of Medley Capital Corporation by 1.2% in the second quarter. Cue Financial Group Inc. now owns 209,900 shares of the investment management company’s stock valued at $1,341,000 after buying an additional 2,400 shares in the last quarter. Ares Management LLC boosted its stake in shares of Medley Capital Corporation by 0.5% in the second quarter. Ares Management LLC now owns 966,210 shares of the investment management company’s stock valued at $6,174,000 after buying an additional 4,500 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Medley Capital Corporation by 38.5% in the first quarter. Private Advisor Group LLC now owns 19,480 shares of the investment management company’s stock valued at $147,000 after buying an additional 5,420 shares in the last quarter. Institutional investors own 36.48% of the company’s stock.

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Medley Capital Corporation 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.

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Earnings History and Estimates for Medley Capital Corporation (NYSE:MCC)

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