Medley Capital Corporation (NYSE:MCC) – Research analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for Medley Capital in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Joseph now anticipates that the investment management company will earn $0.15 per share for the quarter, down from their prior forecast of $0.17. Jefferies Group currently has a “Hold” rating and a $6.50 price objective on the stock. Jefferies Group also issued estimates for Medley Capital’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS and Q4 2019 earnings at $0.17 EPS.

Medley Capital (NYSE:MCC) last announced its earnings results on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $22.10 million during the quarter, compared to the consensus estimate of $23.51 million. Medley Capital had a positive return on equity of 7.50% and a negative net margin of 15.66%. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share.

A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Medley Capital from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods set a $6.00 price objective on Medley Capital and gave the stock a “hold” rating in a report on Friday, December 8th. National Securities reiterated a “neutral” rating and issued a $6.00 price objective on shares of Medley Capital in a report on Thursday, December 7th. Finally, ValuEngine upgraded Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Medley Capital has an average rating of “Hold” and a consensus target price of $6.17.

Shares of Medley Capital (MCC) traded down $0.03 during trading on Wednesday, hitting $5.40. The company had a trading volume of 364,600 shares, compared to its average volume of 346,671. The company has a debt-to-equity ratio of 1.06, a quick ratio of 11.02 and a current ratio of 11.02. The company has a market capitalization of $295.80, a P/E ratio of 7.99, a PEG ratio of 1.68 and a beta of 1.21. Medley Capital has a one year low of $5.38 and a one year high of $8.05.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd will be issued a $0.16 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.64 dividend on an annualized basis and a yield of 11.85%. Medley Capital’s dividend payout ratio (DPR) is -246.15%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ares Management LLC raised its holdings in Medley Capital by 0.5% in the second 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 in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Medley Capital by 9.7% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 574,068 shares of the investment management company’s stock valued at $3,427,000 after acquiring an additional 50,761 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Medley Capital by 7.8% during 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 in the last quarter. Roumell Asset Management LLC bought a new position in shares of Medley Capital during the third quarter valued at $2,602,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Medley Capital by 31.3% during the second quarter. Advisors Asset Management Inc. now owns 398,117 shares of the investment management company’s stock valued at $2,544,000 after acquiring an additional 94,909 shares in the last quarter. Institutional investors and hedge funds 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.

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

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