Medley Capital Corporation (MCC) Given “Hold” Rating at Keefe, Bruyette & Woods
Medley Capital Corporation (NYSE:MCC)‘s stock had its “hold” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Wednesday. They presently have a $7.00 price target on the investment management company’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 10.94% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC reissued a “hold” rating and set a $6.50 price objective on shares of Medley Capital Corporation in a research note on Wednesday. Zacks Investment Research raised Medley Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. National Securities lowered their price objective on 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. Finally, BidaskClub lowered 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 assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $7.00.
Shares of Medley Capital Corporation (NYSE MCC) traded down 0.32% during mid-day trading on Wednesday, reaching $6.31. The company had a trading volume of 261,202 shares. The stock’s 50-day moving average price is $6.41 and its 200 day moving average price is $6.98. Medley Capital Corporation has a 1-year low of $5.95 and a 1-year high of $8.06.
Medley Capital Corporation (NYSE:MCC) last issued its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Medley Capital Corporation had a positive return on equity of 8.04% and a negative net margin of 6.07%. The firm had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $24.67 million. During the same period in the previous year, the business earned $0.20 earnings per share. On average, analysts predict that Medley Capital Corporation will post $0.70 EPS for the current fiscal year.
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In other Medley Capital Corporation news, Director Brook Taube purchased 276,593 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of $6.36 per share, with a total value of $1,759,131.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Seth Taube purchased 392,025 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of $6.13 per share, for a total transaction of $2,403,113.25. The disclosure for this purchase can be found here. Insiders have acquired 6,016,910 shares of company stock worth $37,280,401 in the last three months. 8.70% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp acquired a new position in shares of Medley Capital Corporation during the first quarter valued at approximately $103,000. Malaga Cove Capital LLC raised its position 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 during the period. Global X Management Co. LLC raised its position in shares of Medley Capital Corporation by 50.7% in the first quarter. Global X Management Co. LLC now owns 16,517 shares of the investment management company’s stock valued at $127,000 after buying an additional 5,560 shares during the period. Airain ltd raised its position 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 during the period. Finally, Founders Financial Securities LLC acquired a new position in shares of Medley Capital Corporation during the first quarter valued at approximately $135,000. 36.48% of the stock is currently owned by institutional investors and hedge funds.
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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