Media stories about Medley Capital Corporation (NYSE:MCC) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Medley Capital Corporation earned a news impact score of 0.06 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 45.4366216884285 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Medley Management Inc. Class A (NYSE:MDLY) Experiences Heavy Trading Volume – Modern Readers (modernreaders.com)
- Medley Capital Corporation (MCC) Ex-Dividend Date Scheduled for … – Nasdaq (nasdaq.com)
- Medley Capital Corporation (MCC) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Placing the Spotlight on Medley Capital Corp (MCC): Technical Stock Update – Financial News Review (finnewsreview.com)
- Medley Capital Corporation (MCC) Given “Hold” Rating at Keefe, Bruyette & Woods (americanbankingnews.com)
Shares of Medley Capital Corporation (NYSE MCC) traded down 0.64% during trading on Friday, reaching $6.24. The company’s stock had a trading volume of 376,362 shares. Medley Capital Corporation has a 12 month low of $5.95 and a 12 month 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 released its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Medley Capital Corporation had a positive return on equity of 8.04% and a negative net margin of 6.07%. The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $24.67 million. During the same quarter in the previous year, the company posted $0.20 EPS. Equities research analysts anticipate that Medley Capital Corporation will post $0.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, August 23rd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.64 annualized dividend and a dividend yield of 10.26%. Medley Capital Corporation’s payout ratio is -640.00%.
MCC has been the topic of several recent research reports. Keefe, Bruyette & Woods cut Medley Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $8.50 to $7.00 in a report on Tuesday, May 9th. National Securities decreased their price target on Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $6.50 price target on shares of Medley Capital Corporation in a report on Friday, July 14th. Zacks Investment Research upgraded Medley Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub cut Medley Capital Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Medley Capital Corporation presently has an average rating of “Hold” and an average price target of $7.00.
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In related news, CEO Brook Taube purchased 133,549 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was purchased at an average cost of $6.15 per share, with a total value of $821,326.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Seth Taube acquired 392,025 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $6.13 per share, with a total value of $2,403,113.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 5,712,782 shares of company stock worth $35,394,807. 8.70% of the stock is owned by corporate insiders.
Medley Capital Corporation Company Profile
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.
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