FrontFour Capital Group LLC raised its holdings in shares of Medley Capital Corp (NYSE:MCC) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,005,321 shares of the investment management company’s stock after buying an additional 481,588 shares during the quarter. Medley Capital comprises 4.7% of FrontFour Capital Group LLC’s investment portfolio, making the stock its 10th largest holding. FrontFour Capital Group LLC owned approximately 3.68% of Medley Capital worth $5,334,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Lorber David A raised its holdings in Medley Capital by 28.6% in the fourth quarter. Lorber David A now owns 41,510 shares of the investment management company’s stock valued at $110,000 after buying an additional 9,241 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Medley Capital by 3.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 106,603 shares of the investment management company’s stock valued at $284,000 after acquiring an additional 3,363 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Medley Capital by 33.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,951 shares of the investment management company’s stock valued at $66,000 after acquiring an additional 6,195 shares in the last quarter. PFG Advisors grew its position in Medley Capital by 241.7% in the fourth quarter. PFG Advisors now owns 184,500 shares of the investment management company’s stock valued at $496,000 after acquiring an additional 130,500 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Medley Capital by 2.9% in the third quarter. Legal & General Group Plc now owns 217,968 shares of the investment management company’s stock valued at $834,000 after acquiring an additional 6,096 shares in the last quarter. Institutional investors own 25.79% of the company’s stock.
Shares of NYSE:MCC opened at $3.20 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 6.19 and a quick ratio of 6.19. Medley Capital Corp has a 52-week low of $2.59 and a 52-week high of $4.38. The company has a market capitalization of $174.32 million, a price-to-earnings ratio of 13.91 and a beta of 1.45.
Medley Capital (NYSE:MCC) last issued its quarterly earnings data on Monday, February 11th. The investment management company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Medley Capital had a negative net margin of 147.47% and a positive return on equity of 2.32%. The company had revenue of $14.20 million during the quarter, compared to the consensus estimate of $15.29 million. On average, analysts anticipate that Medley Capital Corp will post -0.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, February 22nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Thursday, February 21st. Medley Capital’s dividend payout ratio (DPR) is 86.96%.
Separately, Zacks Investment Research raised shares of Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 6th.
Medley Capital Profile
Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.
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