Medley Capital (MCC) Announces Earnings Results, Misses Estimates By $0.06 EPS

Medley Capital (NYSE:MCC) posted its earnings results on Wednesday. The investment management company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06), MarketWatch Earnings reports. Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.23%.

Medley Capital stock traded down $0.67 during mid-day trading on Wednesday, reaching $3.68. The company had a trading volume of 20,354 shares, compared to its average volume of 277,413. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.02 and a quick ratio of 5.02. Medley Capital has a 52 week low of $3.65 and a 52 week high of $3.90. The company has a market cap of $232.60 million, a PE ratio of 5.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20.

A number of institutional investors have recently modified their holdings of the business. PVG Asset Management Corp boosted its holdings in Medley Capital by 10,930.5% in the 4th quarter. PVG Asset Management Corp now owns 1,627,544 shares of the investment management company’s stock valued at $8,496,000 after purchasing an additional 1,612,789 shares during the period. Jane Street Group LLC bought a new stake in Medley Capital in the 4th quarter valued at $191,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Medley Capital by 45.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 489,335 shares of the investment management company’s stock valued at $2,555,000 after purchasing an additional 152,253 shares during the period. Two Sigma Investments LP boosted its holdings in Medley Capital by 132.8% in the 4th quarter. Two Sigma Investments LP now owns 226,719 shares of the investment management company’s stock valued at $1,183,000 after purchasing an additional 129,334 shares during the period. Finally, Roumell Asset Management LLC boosted its holdings in Medley Capital by 125.9% in the 4th quarter. Roumell Asset Management LLC now owns 984,550 shares of the investment management company’s stock valued at $5,139,000 after purchasing an additional 548,680 shares during the period. 30.75% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on MCC. ValuEngine lowered shares of Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. National Securities lowered their target price on shares of Medley Capital from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Barclays lowered their target price on shares of Medley Capital from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Medley Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, TheStreet lowered shares of Medley Capital from a “c-” rating to a “d+” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.63.

About Medley Capital

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 for Medley Capital (NYSE:MCC)

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