Brokerages expect that Medley Capital Corporation (NYSE:MCC) will announce sales of $23.69 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Medley Capital Corporation’s earnings. The lowest sales estimate is $23.57 million and the highest is $23.93 million. Medley Capital Corporation posted sales of $27.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.9%. The business is scheduled to report its next earnings results on Thursday, December 14th.

According to Zacks, analysts expect that Medley Capital Corporation will report full-year sales of $23.69 million for the current financial year, with estimates ranging from $97.68 million to $98.04 million. For the next financial year, analysts anticipate that the company will post sales of $97.74 million per share, with estimates ranging from $96.00 million to $99.74 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Medley Capital Corporation.

Medley Capital Corporation (NYSE:MCC) last released its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.18 earnings per share 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 positive return on equity of 8.04% and a negative net margin of 6.07%. During the same quarter last year, the business posted $0.20 EPS.

Several equities research analysts have commented on MCC shares. ValuEngine upgraded Medley Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Medley Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $6.50 price objective on shares of Medley Capital Corporation in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 price objective on shares of Medley Capital Corporation in a research note on Wednesday, August 16th. Finally, National Securities reiterated a “neutral” rating and set a $6.00 price objective on shares of Medley Capital Corporation in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.00.

Medley Capital Corporation (MCC) opened at 5.85 on Friday. Medley Capital Corporation has a 12-month low of $5.75 and a 12-month high of $8.06. The firm’s 50-day moving average price is $6.15 and its 200 day moving average price is $6.69.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, August 23rd were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.94%. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -640.00%.

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In other Medley Capital Corporation news, Director Seth Taube acquired 51,152 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were purchased at an average cost of $6.40 per share, for a total transaction of $327,372.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brook Taube acquired 38,287 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $6.39 per share, for a total transaction of $244,653.93. The disclosure for this purchase can be found here. Insiders bought 1,010,489 shares of company stock valued at $6,434,708 over the last 90 days. Company insiders own 8.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ares Management LLC lifted its holdings in 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 acquiring an additional 4,500 shares during the last quarter. UBS Group AG lifted its holdings in Medley Capital Corporation by 28.1% in the first quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock valued at $7,236,000 after acquiring an additional 206,314 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Medley Capital Corporation by 15.3% in the first quarter. Wells Fargo & Company MN now owns 769,123 shares of the investment management company’s stock valued at $5,914,000 after acquiring an additional 101,906 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Medley Capital Corporation by 28.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 523,307 shares of the investment management company’s stock valued at $3,343,000 after acquiring an additional 115,821 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Medley Capital Corporation by 7.8% in the second quarter. Van ECK Associates Corp now owns 448,995 shares of the investment management company’s stock valued at $2,869,000 after acquiring an additional 32,430 shares during the last quarter. Hedge funds and other institutional investors own 29.55% of the company’s stock.

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.

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

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