Medley Capital Corporation (MCC) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their hold rating on shares of Medley Capital Corporation (NYSE:MCC) in a research note released on Wednesday. They currently have a $7.00 price target on the investment management company’s stock.

MCC has been the topic of a number of other reports. Jefferies Group LLC reissued a hold rating and issued a $6.50 price objective on shares of Medley Capital Corporation in a research report on Wednesday. National Securities reissued a neutral rating and issued a $6.00 price objective on shares of Medley Capital Corporation in a research report on Monday, August 14th. Zacks Investment Research raised shares of Medley Capital Corporation from a sell rating to a hold rating in a research report on Tuesday, July 18th. Finally, BidaskClub lowered shares of Medley Capital Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Medley Capital Corporation has a consensus rating of Hold and a consensus target price of $7.00.

Medley Capital Corporation (MCC) opened at 6.24 on Wednesday. Medley Capital Corporation has a one year low of $5.95 and a one year high of $8.06. The company’s 50-day moving average price is $6.40 and its 200-day moving average price is $6.96.

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

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend is Monday, August 21st. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -640.00%.

In other Medley Capital Corporation news, Director Seth Taube acquired 194,967 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average cost of $6.06 per share, with a total value of $1,181,500.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brook Taube acquired 92,116 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $584,936.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 5,712,782 shares of company stock worth $35,394,807. Corporate insiders own 8.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of MCC. Muzinich & Co. Inc. raised its position in shares of Medley Capital Corporation by 135.1% in the first quarter. Muzinich & Co. Inc. now owns 1,919,003 shares of the investment management company’s stock valued at $14,757,000 after buying an additional 1,102,871 shares during the last quarter. UBS Group AG raised its position in shares of Medley Capital Corporation by 28.1% in the first quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock valued at $7,236,000 after buying an additional 206,314 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Medley Capital Corporation during the first quarter valued at about $1,451,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Medley Capital Corporation by 86.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 407,486 shares of the investment management company’s stock valued at $3,133,000 after buying an additional 188,439 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new position in shares of Medley Capital Corporation during the first quarter valued at about $1,268,000. 36.48% of the stock is currently owned by institutional investors.

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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