Medley Capital Corp to Post Q2 2018 Earnings of $0.13 Per Share, Jefferies Group Forecasts (MCC)

Medley Capital Corp (NYSE:MCC) – Equities research analysts at Jefferies Group reduced their Q2 2018 earnings estimates for shares of Medley Capital in a research report issued on Tuesday. Jefferies Group analyst K. Joseph now forecasts that the investment management company will earn $0.13 per share for the quarter, down from their prior forecast of $0.16. Jefferies Group also issued estimates for Medley Capital’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.53 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.57 EPS.

Medley Capital (NYSE:MCC) last released its earnings results on Tuesday, February 6th. The investment management company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The business had revenue of $20.63 million during the quarter, compared to analyst estimates of $22.19 million. Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.02%. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share.

MCC has been the subject of several other reports. ValuEngine lowered Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Medley Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Keefe, Bruyette & Woods set a $6.00 price target on Medley Capital and gave the stock a “hold” rating in a research note on Friday, December 8th. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Medley Capital in a research note on Thursday, December 7th. Finally, Barclays dropped their price target on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.63.

Medley Capital (NYSE:MCC) traded down $0.07 during trading on Thursday, reaching $4.29. The company had a trading volume of 142,519 shares, compared to its average volume of 274,996. The firm has a market capitalization of $247.31, a price-to-earnings ratio of -4.42, a P/E/G ratio of 1.37 and a beta of 1.15. Medley Capital has a 52-week low of $4.28 and a 52-week high of $8.05. The company has a debt-to-equity ratio of 1.06, a current ratio of 11.02 and a quick ratio of 11.02.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Wednesday, February 21st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 14.92%. The ex-dividend date of this dividend is Tuesday, February 20th. Medley Capital’s payout ratio is -65.98%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. purchased a new stake in shares of Medley Capital in the third quarter worth about $124,000. Citadel Advisors LLC purchased a new stake in shares of Medley Capital in the second quarter worth about $156,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Medley Capital in the second quarter worth about $158,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Medley Capital in the third quarter worth about $149,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Medley Capital in the third quarter worth about $170,000. 28.55% of the stock is owned by 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.

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

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