Brokerages forecast that Medley Capital Corporation (NYSE:MCC) will report $0.16 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Medley Capital’s earnings, with estimates ranging from $0.15 to $0.16. Medley Capital posted earnings per share of $0.23 in the same quarter last year, which would suggest a negative year over year growth rate of 30.4%. The business is expected to report its next earnings report before the market opens on Thursday, December 7th.

According to Zacks, analysts expect that Medley Capital will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.68. For the next year, analysts expect that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.71. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Medley Capital.

Medley Capital (NYSE:MCC) last released its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $22.10 million for the quarter, compared to the consensus estimate of $23.51 million. Medley Capital had a negative net margin of 6.07% and a positive return on equity of 8.04%. The company’s revenue was down 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share.

Several research firms have commented on MCC. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reaffirmed a “hold” rating and set a $6.50 price objective on shares of Medley Capital in a report on Wednesday, August 16th. National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Medley Capital in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 price objective on shares of Medley Capital in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Medley Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.00.

Several institutional investors have recently made changes to their positions in MCC. Aperio Group LLC purchased a new stake in shares of Medley Capital in the second quarter worth about $246,000. Acadian Asset Management LLC lifted its holdings in shares of Medley Capital by 59.7% in the second quarter. Acadian Asset Management LLC now owns 79,694 shares of the investment management company’s stock worth $509,000 after buying an additional 29,803 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Medley Capital in the second quarter worth about $254,000. Sigma Planning Corp lifted its holdings in shares of Medley Capital by 113.7% in the second quarter. Sigma Planning Corp now owns 28,623 shares of the investment management company’s stock worth $183,000 after buying an additional 15,231 shares in the last quarter. Finally, IFC Holdings Incorporated FL lifted its holdings in shares of Medley Capital by 77.4% in the second quarter. IFC Holdings Incorporated FL now owns 35,054 shares of the investment management company’s stock worth $222,000 after buying an additional 15,290 shares in the last quarter. 29.34% of the stock is currently owned by hedge funds and other institutional investors.

Medley Capital (NYSE:MCC) traded down $0.02 during midday trading on Thursday, reaching $5.75. 237,000 shares of the company’s stock traded hands, compared to its average volume of 342,389. The stock has a market capitalization of $314.32, a P/E ratio of 7.69, a PEG ratio of 1.74 and a beta of 1.21. Medley Capital has a 1-year low of $5.53 and a 1-year high of $8.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 10.33 and a current ratio of 10.33.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date of this dividend is Tuesday, November 21st. Medley Capital’s payout ratio is -640.00%.

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Medley Capital 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 (NYSE:MCC)

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