Medley Capital Corp (NYSE:MCC) major shareholder Fortress Investment Group Llc sold 17,308 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.70, for a total value of $12,115.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Fortress Investment Group Llc also recently made the following trade(s):
- On Monday, July 6th, Fortress Investment Group Llc sold 3,400 shares of Medley Capital stock. The stock was sold at an average price of $0.72, for a total value of $2,448.00.
- On Tuesday, June 30th, Fortress Investment Group Llc sold 12,500 shares of Medley Capital stock. The shares were sold at an average price of $0.76, for a total value of $9,500.00.
- On Thursday, July 2nd, Fortress Investment Group Llc sold 69,399 shares of Medley Capital stock. The stock was sold at an average price of $0.76, for a total value of $52,743.24.
- On Friday, June 26th, Fortress Investment Group Llc sold 8,540 shares of Medley Capital stock. The shares were sold at an average price of $0.81, for a total value of $6,917.40.
- On Wednesday, June 24th, Fortress Investment Group Llc sold 9,100 shares of Medley Capital stock. The shares were sold at an average price of $0.83, for a total transaction of $7,553.00.
Shares of MCC stock opened at $0.67 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 11.68 and a quick ratio of 11.68. Medley Capital Corp has a 1 year low of $0.35 and a 1 year high of $2.82. The firm has a fifty day moving average price of $0.73 and a 200-day moving average price of $1.22.
Medley Capital (NYSE:MCC) last released its earnings results on Monday, May 11th. The investment management company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.05). The company had revenue of $5.30 million for the quarter, compared to analysts’ expectations of $7.09 million. Medley Capital had a negative net margin of 422.82% and a negative return on equity of 6.53%. Sell-side analysts forecast that Medley Capital Corp will post -0.2 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Fondren Management LP grew its stake in shares of Medley Capital by 6.6% during the 1st quarter. Fondren Management LP now owns 1,166,225 shares of the investment management company’s stock valued at $678,000 after acquiring an additional 72,000 shares during the period. Virtus ETF Advisers LLC raised its stake in Medley Capital by 40.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 1,100,392 shares of the investment management company’s stock worth $2,399,000 after acquiring an additional 314,654 shares during the period. Advisor Group Holdings Inc. purchased a new position in Medley Capital during the first quarter valued at approximately $193,000. Clear Harbor Asset Management LLC boosted its position in shares of Medley Capital by 75.2% in the first quarter. Clear Harbor Asset Management LLC now owns 140,801 shares of the investment management company’s stock worth $82,000 after purchasing an additional 60,426 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Medley Capital by 256.2% in the first quarter. Jane Street Group LLC now owns 63,307 shares of the investment management company’s stock worth $37,000 after purchasing an additional 45,534 shares in the last quarter. 31.10% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Medley Capital from a “hold” rating to a “sell” rating in a research report on Friday, June 5th.
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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