Medley Capital Corporation (NYSE:MCC) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,135,664 shares, an increase of 84.5% from the November 30th total of 615,549 shares. Based on an average daily trading volume, of 404,853 shares, the short-interest ratio is currently 2.8 days. Approximately 2.1% of the company’s stock are sold short.

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 29.15% of the company’s stock.

Shares of Medley Capital (NYSE MCC) opened at $5.22 on Thursday. The company has a market cap of $284.36, a PE ratio of -18.64, a PEG ratio of 1.58 and a beta of 1.22. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06. Medley Capital has a 1-year low of $5.09 and a 1-year high of $8.05.

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 the Thomson Reuters’ consensus estimate 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 negative net margin of 15.66% and a positive return on equity of 7.50%. 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 posted $0.23 earnings per share. sell-side analysts expect that Medley Capital will post 0.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 12.26%. Medley Capital’s dividend payout ratio is currently -228.57%.

Several research firms have weighed in on MCC. ValuEngine downgraded shares of Medley Capital from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Investment Research upgraded shares of Medley Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Medley Capital in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the stock a “hold” rating in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.17.

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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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