Medley Capital Corporation (MCC) Receives Average Rating of “Hold” from Analysts

Shares of Medley Capital Corporation (NYSE:MCC) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.00.

MCC has been the subject of a number of analyst reports. BidaskClub downgraded shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Medley Capital Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “hold” rating and set a $6.50 price objective on shares of Medley Capital Corporation in a research report on Friday, July 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of Medley Capital Corporation in a research report on Wednesday, August 16th.

Institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors increased its holdings in shares of Medley Capital Corporation by 26.8% in the 1st quarter. Nationwide Fund Advisors now owns 108,194 shares of the investment management company’s stock valued at $832,000 after purchasing an additional 22,894 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in shares of Medley Capital Corporation by 23.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 17,200 shares of the investment management company’s stock valued at $114,000 after purchasing an additional 3,300 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Medley Capital Corporation by 28.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 523,307 shares of the investment management company’s stock valued at $3,343,000 after purchasing an additional 115,821 shares in the last quarter. UBS Group AG increased its holdings in shares of Medley Capital Corporation by 28.1% in the 1st quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock valued at $7,236,000 after purchasing an additional 206,314 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Medley Capital Corporation by 5.2% in the 1st quarter. Legal & General Group Plc now owns 127,876 shares of the investment management company’s stock valued at $983,000 after purchasing an additional 6,295 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.

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Medley Capital Corporation (MCC) traded down 1.34% on Friday, reaching $5.91. 144,201 shares of the company’s stock were exchanged. Medley Capital Corporation has a 1-year low of $5.75 and a 1-year high of $8.06. The firm has a 50-day moving average price of $5.97 and a 200-day moving average price of $6.51.

Medley Capital Corporation (NYSE:MCC) last announced its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $23.70 million during the quarter, compared to the consensus estimate of $24.67 million. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. During the same quarter in the prior year, the firm earned $0.20 EPS. Analysts predict that Medley Capital Corporation will post $0.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.16 per share. The ex-dividend date was Monday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 10.83%. Medley Capital Corporation’s payout ratio is currently -640.00%.

About Medley Capital Corporation

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.

Analyst Recommendations for Medley Capital Corporation (NYSE:MCC)

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