Medley Capital Corp (MCC) Expected to Announce Earnings of $0.05 Per Share
Equities analysts forecast that Medley Capital Corp (NYSE:MCC) will report $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Medley Capital’s earnings, with estimates ranging from $0.04 to $0.05. Medley Capital posted earnings per share of $0.16 during the same quarter last year, which would indicate a negative year over year growth rate of 68.8%. The firm is expected to issue its next 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 financial year, with EPS estimates ranging from $0.26 to $0.27. For the next fiscal year, analysts anticipate that the business 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 cover Medley Capital.
Medley Capital (NYSE:MCC) last announced its quarterly earnings data on Thursday, August 9th. The investment management company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.08). Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%. The company had revenue of $13.95 million during the quarter, compared to analysts’ expectations of $18.23 million.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its stake in Medley Capital by 47.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 52,227 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 16,925 shares during the period. Raymond James & Associates acquired a new stake in Medley Capital in the 2nd quarter valued at $187,000. PFG Advisors acquired a new stake in Medley Capital in the 3rd quarter valued at $204,000. JPMorgan Chase & Co. grew its stake in Medley Capital by 118.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,902 shares of the investment management company’s stock valued at $229,000 after acquiring an additional 32,539 shares during the period. Finally, LPL Financial LLC grew its stake in Medley Capital by 31.7% in the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after acquiring an additional 19,304 shares during the period. 25.42% of the stock is currently owned by institutional investors and hedge funds.
NYSE:MCC traded down $0.04 during midday trading on Monday, hitting $3.60. The company’s stock had a trading volume of 64,279 shares, compared to its average volume of 173,965. Medley Capital has a fifty-two week low of $3.35 and a fifty-two week high of $5.88. 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 company has a market cap of $196.65 million, a PE ratio of 5.37 and a beta of 1.06.
About Medley Capital
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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