Zacks Investment Research upgraded shares of Medley Capital (NYSE:MCC) from a hold rating to a buy rating in a research report released on Wednesday, Zacks.com reports. They currently have $2.75 price target on the investment management company’s stock.
According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “
Separately, ValuEngine raised Medley Capital from a hold rating to a buy rating in a report on Monday, July 29th.
Shares of NYSE MCC opened at $2.63 on Wednesday. Medley Capital has a 12 month low of $2.19 and a 12 month high of $3.90. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $140.54 million, a price-to-earnings ratio of 32.25 and a beta of 1.32. The business has a 50-day moving average of $2.60 and a 200-day moving average of $2.75.
Medley Capital (NYSE:MCC) last issued its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Medley Capital had a positive return on equity of 1.57% and a negative net margin of 165.68%. The company had revenue of $11.39 million during the quarter, compared to analyst estimates of $11.76 million. On average, analysts predict that Medley Capital will post 0.03 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in Medley Capital by 16.7% in the 2nd quarter. Stephens Inc. AR now owns 31,400 shares of the investment management company’s stock worth $73,000 after buying an additional 4,500 shares during the last quarter. Loukas Stephen bought a new stake in Medley Capital in the 2nd quarter worth approximately $98,000. Compagnie Lombard Odier SCmA bought a new stake in Medley Capital in the 2nd quarter worth approximately $117,000. Susquehanna International Group LLP lifted its position in Medley Capital by 99.8% in the 2nd quarter. Susquehanna International Group LLP now owns 139,530 shares of the investment management company’s stock worth $327,000 after buying an additional 69,694 shares during the last quarter. Finally, Greenwich Investment Management Inc. lifted its position in Medley Capital by 2.5% in the 2nd quarter. Greenwich Investment Management Inc. now owns 263,913 shares of the investment management company’s stock worth $618,000 after buying an additional 6,373 shares during the last quarter. Institutional investors own 26.47% of the company’s stock.
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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