Shares of Medley Capital Corp (NYSE:MCC) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.67.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Medley Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. National Securities reiterated a “neutral” rating and issued a $3.00 target price on shares of Medley Capital in a research note on Wednesday, August 15th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in shares of Medley Capital by 18.1% in the 1st quarter. Legal & General Group Plc now owns 198,160 shares of the investment management company’s stock valued at $790,000 after purchasing an additional 30,414 shares during the period. Greenwich Investment Management Inc. acquired a new position in shares of Medley Capital in the 2nd quarter valued at $657,000. Royal Bank of Canada lifted its stake in shares of Medley Capital by 49.2% in the 1st quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock valued at $486,000 after purchasing an additional 40,257 shares during the period. Highland Capital Management LP acquired a new position in shares of Medley Capital in the 2nd quarter valued at $339,000. Finally, LPL Financial LLC lifted its stake in shares of Medley Capital by 31.7% in the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 19,304 shares during the period. Hedge funds and other institutional investors own 25.41% of the company’s stock.
Shares of NYSE MCC opened at $3.84 on Wednesday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 1.21. Medley Capital has a 12 month low of $3.35 and a 12 month high of $5.89. The company has a market cap of $207.55 million, a price-to-earnings ratio of 10.03 and a beta of 1.13.
Medley Capital (NYSE:MCC) last announced its quarterly earnings data on Thursday, August 9th. The investment management company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%. The business had revenue of $13.95 million for the quarter, compared to analyst estimates of $18.23 million. As a group, equities research analysts forecast that Medley Capital will post 0.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Wednesday, September 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.42%. The ex-dividend date of this dividend was Tuesday, September 4th. Medley Capital’s dividend payout ratio is currently 59.70%.
Medley Capital Company 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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