Wall Street brokerages predict that Medley Capital Corporation (NYSE:MCC) will announce sales of $23.69 million for the current quarter, according to Zacks Investment Research. 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 reported sales of $27.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.9%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, December 7th.

According to Zacks, analysts expect that Medley Capital Corporation will report full-year sales of $23.69 million for the current fiscal year, with estimates ranging from $97.68 million to $98.04 million. For the next financial year, analysts expect 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 averages are an average based on a survey of sell-side research firms that cover Medley Capital Corporation.

Several equities research analysts have recently issued reports on MCC shares. Zacks Investment Research lowered shares of Medley Capital Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. ValuEngine raised shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Medley Capital Corporation in a research note on Monday, August 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 target price on shares of Medley Capital Corporation in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Medley Capital Corporation currently has a consensus rating of “Hold” and an average price target of $7.00.

Shares of Medley Capital Corporation (MCC) opened at $5.74 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 10.33 and a current ratio of 10.33. Medley Capital Corporation has a 12 month low of $5.53 and a 12 month high of $8.05. The stock has a market cap of $314.32, a PE ratio of 7.69, a PEG ratio of 1.74 and a beta of 1.21.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 11.15%. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -581.82%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ares Management LLC raised its position in shares of Medley Capital Corporation by 0.5% during the 2nd quarter. Ares Management LLC now owns 966,210 shares of the investment management company’s stock worth $6,174,000 after purchasing an additional 4,500 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Medley Capital Corporation by 9.7% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 574,068 shares of the investment management company’s stock worth $3,427,000 after purchasing an additional 50,761 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Medley Capital Corporation by 7.8% during the 2nd quarter. Van ECK Associates Corp now owns 448,995 shares of the investment management company’s stock worth $2,869,000 after purchasing an additional 32,430 shares during the last quarter. Roumell Asset Management LLC acquired a new position in shares of Medley Capital Corporation during the 3rd quarter worth about $2,602,000. Finally, Advisors Asset Management Inc. raised its position in shares of Medley Capital Corporation by 31.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 398,117 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 94,909 shares during the last quarter. Hedge funds and other institutional investors own 29.48% 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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