Equities analysts forecast that Medley Capital Corporation (NYSE:MCC) will report $24.27 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Medley Capital’s earnings, with the highest sales estimate coming in at $24.82 million and the lowest estimate coming in at $23.95 million. Medley Capital posted sales of $26.06 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.9%. The company is scheduled to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Medley Capital will report full-year sales of $24.27 million for the current year, with estimates ranging from $96.00 million to $99.74 million. For the next fiscal year, analysts anticipate that the company will report sales of $0.00 per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Medley Capital.

Medley Capital (NYSE:MCC) last posted its earnings results on Thursday, December 7th. The investment management company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.37%. The firm had revenue of $22.10 million for the quarter, compared to analyst estimates of $23.51 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 18.7% compared to the same quarter last year.

MCC has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Medley Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. National Securities reiterated a “neutral” rating and set a $6.00 target price on shares of Medley Capital in a research report on Monday, August 14th. Keefe, Bruyette & Woods set a $6.00 target price on shares of Medley Capital and gave the company a “hold” rating in a research report on Friday. Finally, Jefferies Group reiterated a “hold” rating and set a $6.50 target price on shares of Medley Capital in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.75.

Shares of Medley Capital (MCC) opened at $5.66 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital has a 12 month low of $5.46 and a 12 month high of $8.05. The company has a market cap of $306.69, a price-to-earnings ratio of 8.28, a PEG ratio of 1.70 and a beta of 1.21.

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 11.31%. Medley Capital’s dividend payout ratio is currently -640.00%.

Several hedge funds have recently made changes to their positions in the company. Roumell Asset Management LLC purchased a new stake in shares of Medley Capital in the third quarter valued at about $2,602,000. Pinebridge Investments L.P. raised its holdings in shares of Medley Capital by 73.4% in the third quarter. Pinebridge Investments L.P. now owns 32,534 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 13,767 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Medley Capital by 100.0% in the third quarter. JPMorgan Chase & Co. now owns 337,356 shares of the investment management company’s stock valued at $1,980,000 after purchasing an additional 168,651 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Medley Capital by 19.8% in the third quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock valued at $1,002,000 after purchasing an additional 27,708 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Medley Capital in the third quarter valued at about $149,000. Institutional investors own 29.34% of the company’s stock.

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About Medley Capital

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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