Medley Capital (MCC) Sets New 1-Year Low at $5.17
Medley Capital Corporation (NYSE:MCC) shares hit a new 52-week low on Thursday . The stock traded as low as $5.17 and last traded at $5.24, with a volume of 399000 shares. The stock had previously closed at $5.29.
Several brokerages have recently weighed in on MCC. Zacks Investment Research upgraded shares of Medley Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Keefe, Bruyette & Woods set a $6.00 price target on shares of Medley Capital and gave the company a “hold” rating in a report on Friday, December 8th. National Securities restated a “neutral” rating and issued a $6.00 price target on shares of Medley Capital in a report on Thursday, December 7th. Finally, ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Medley Capital has a consensus rating of “Hold” and an average price target of $6.17.
The company has a debt-to-equity ratio of 1.06, a quick ratio of 11.02 and a current ratio of 11.02. The stock has a market cap of $285.44, a price-to-earnings ratio of -18.71, a P/E/G ratio of 1.63 and a beta of 1.21.
Medley Capital (NYSE:MCC) last posted its quarterly earnings results on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The firm had revenue of $22.10 million for the quarter, compared to analyst estimates of $23.51 million. During the same quarter last year, the firm posted $0.23 earnings per share. Medley Capital’s revenue for the quarter was down 18.7% compared to the same quarter last year. analysts forecast that Medley Capital Corporation will post 0.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.64 annualized dividend and a yield of 12.21%. Medley Capital’s payout ratio is -228.57%.
A number of large investors have recently modified their holdings of MCC. Aperio Group LLC acquired a new stake in Medley Capital in the second quarter valued at approximately $246,000. Legal & General Group Plc grew its position in Medley Capital by 9.5% in the second quarter. Legal & General Group Plc now owns 140,038 shares of the investment management company’s stock valued at $896,000 after acquiring an additional 12,162 shares in the last quarter. BB&T Securities LLC acquired a new stake in Medley Capital in the second quarter valued at approximately $112,000. Airain ltd grew its position in Medley Capital by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 462 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Medley Capital by 68.3% in the second quarter. JPMorgan Chase & Co. now owns 168,705 shares of the investment management company’s stock valued at $1,078,000 after acquiring an additional 68,463 shares in the last quarter. 29.15% of the stock is owned by institutional investors.
About Medley Capital
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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