Medley Capital (NYSE:MCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, January 10th.
According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “
MCC has been the topic of a number of other reports. ValuEngine cut Medley Capital from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods set a $6.00 target price on Medley Capital and gave the stock a “hold” rating in a report on Friday, December 8th. Finally, National Securities restated a “neutral” rating and set a $6.00 target price on shares of Medley Capital in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Medley Capital currently has a consensus rating of “Hold” and a consensus price target of $6.17.
Shares of Medley Capital (NYSE MCC) traded down $0.10 during midday trading on Wednesday, hitting $4.76. The company had a trading volume of 274,674 shares, compared to its average volume of 227,304. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $274.55, a price-to-earnings ratio of -18.69, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. Medley Capital has a twelve month low of $4.46 and a twelve month high of $8.05.
Medley Capital (NYSE:MCC) last announced its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). 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 the consensus estimate of $22.19 million. During the same quarter last year, the company earned $0.19 earnings per share. The business’s revenue was down 20.8% on a year-over-year basis. equities analysts anticipate that Medley Capital will post 0.66 EPS for the current year.
A number of institutional investors have recently bought and sold shares of MCC. Macquarie Group Ltd. bought a new position in Medley Capital in the third quarter valued at about $124,000. Alpine Woods Capital Investors LLC bought a new position in Medley Capital in the third quarter valued at about $149,000. Citadel Advisors LLC bought a new position in Medley Capital in the second quarter valued at about $156,000. Cubist Systematic Strategies LLC bought a new position in Medley Capital in the second quarter valued at about $158,000. Finally, Stephens Inc. AR boosted its holdings in Medley Capital by 36.7% in the second quarter. Stephens Inc. AR now owns 24,935 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 28.55% of the company’s stock.
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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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