Equities analysts expect Medley Capital Corp (NYSE:MCC) to announce $0.05 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Medley Capital’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. Medley Capital reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 68.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, December 6th.
According to Zacks, analysts expect that Medley Capital will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.27. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.21 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Medley Capital.
Medley Capital (NYSE:MCC) last released its earnings results on Thursday, August 9th. The investment management company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Medley Capital had a positive return on equity of 5.03% and a negative net margin of 134.96%. The company had revenue of $13.95 million during the quarter, compared to analysts’ expectations of $18.23 million.
A number of research firms have recently commented on MCC. Zacks Investment Research raised Medley Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. National Securities reissued a “neutral” rating and issued a $3.00 target price on shares of Medley Capital in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.67.
Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in shares of Medley Capital by 47.9% during the first quarter. Cubist Systematic Strategies LLC now owns 52,227 shares of the investment management company’s stock valued at $208,000 after buying an additional 16,925 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Medley Capital during the second quarter valued at $187,000. LPL Financial LLC boosted its position in shares of Medley Capital by 31.7% during the first quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after buying an additional 19,304 shares during the last quarter. Highland Capital Management LP purchased a new stake in shares of Medley Capital during the second quarter valued at $339,000. Finally, Royal Bank of Canada boosted its position in shares of Medley Capital by 49.2% during the first quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock valued at $486,000 after buying an additional 40,257 shares during the last quarter. 25.41% of the stock is currently owned by institutional investors.
Shares of NYSE MCC traded down $0.06 during trading on Thursday, reaching $3.81. The company had a trading volume of 185,339 shares, compared to its average volume of 267,411. Medley Capital has a 12-month low of $3.35 and a 12-month high of $5.89. The stock has a market cap of $208.09 million, a P/E ratio of 5.75 and a beta of 1.13. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 1.21.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Wednesday, September 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 10.50%. Medley Capital’s dividend payout ratio (DPR) is presently 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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