Medley Capital (NYSE:MCC) announced its quarterly earnings results on Tuesday. The investment management company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03), Bloomberg Earnings reports. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The company had revenue of $20.63 million during the quarter, compared to analyst estimates of $22.19 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s quarterly revenue was down 20.8% on a year-over-year basis.
Medley Capital (NYSE MCC) opened at $4.86 on Tuesday. Medley Capital has a 52 week low of $4.82 and a 52 week high of $8.05. The company has a market cap of $274.55, a PE ratio of -18.69, a P/E/G ratio of 1.52 and a beta of 1.15. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06.
MCC has been the topic of a number of research reports. Keefe, Bruyette & Woods set a $6.00 price target on shares of Medley Capital and gave the company a “hold” rating in a research note on Friday, December 8th. Zacks Investment Research lowered shares of Medley Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. National Securities reiterated a “neutral” rating and issued a $6.00 price target on shares of Medley Capital in a research note on Thursday, December 7th. Finally, ValuEngine lowered shares of Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.17.
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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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