Shares of Medley Capital Corporation (NYSE:MCC) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.17.

MCC has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Medley Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. National Securities reiterated a “neutral” rating and issued a $6.00 target price on shares of Medley Capital in a research note on Thursday, December 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price target on shares of Medley Capital and gave the company a “hold” rating in a report on Friday, December 8th.

Shares of Medley Capital (NYSE:MCC) traded up $0.04 during trading hours on Monday, reaching $5.27. 115,200 shares of the company traded hands, compared to its average volume of 199,589. Medley Capital has a twelve month low of $5.09 and a twelve month high of $8.05. The firm has a market cap of $287.08, a P/E ratio of -20.27, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 11.02 and a quick ratio of 11.02.

Medley Capital (NYSE:MCC) last issued its earnings results on Thursday, December 7th. The investment management company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The business had revenue of $22.10 million during the quarter, compared to the consensus estimate of $23.51 million. During the same period last year, the business posted $0.23 EPS. Medley Capital’s revenue was down 18.7% on a year-over-year basis. equities research analysts anticipate that Medley Capital will post 0.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.64 annualized dividend and a yield of 12.14%. Medley Capital’s dividend payout ratio is currently -246.15%.

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in Medley Capital by 44.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 136,719 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 42,225 shares during the period. Royal Bank of Canada raised its holdings in Medley Capital by 1,130.4% in the 2nd quarter. Royal Bank of Canada now owns 54,013 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 49,623 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Medley Capital in the 3rd quarter valued at about $311,000. Roumell Asset Management LLC bought a new position in Medley Capital in the 3rd quarter valued at about $2,602,000. Finally, Legal & General Group Plc raised its holdings in Medley Capital by 19.8% in the 3rd quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock valued at $1,002,000 after acquiring an additional 27,708 shares during the period. 29.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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