Medley Capital (MCC) Sets New 1-Year High and Low at $3.35

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Shares of Medley Capital Corp (NYSE:MCC) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $3.35 and last traded at $3.41, with a volume of 4531 shares. The stock had previously closed at $3.37.

A number of analysts recently issued reports on the company. TheStreet cut Medley Capital from a “c-” rating to a “d+” rating in a report on Thursday, March 1st. ValuEngine cut Medley Capital from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research raised Medley Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, National Securities lowered their price target on Medley Capital from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, May 14th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Medley Capital has a consensus rating of “Hold” and a consensus price target of $5.13.

The firm has a market cap of $185.76 million, a price-to-earnings ratio of 5.09, a PEG ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 8.52 and a quick ratio of 8.52.

Medley Capital (NYSE:MCC) last released its quarterly earnings results on Wednesday, May 9th. The investment management company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). The business had revenue of $17.04 million during the quarter, compared to analysts’ expectations of $20.60 million. Medley Capital had a negative net margin of 83.68% and a positive return on equity of 6.64%. analysts predict that Medley Capital Corp will post 0.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 11.76%. Medley Capital’s dividend payout ratio (DPR) is presently 59.70%.

Several institutional investors have recently made changes to their positions in MCC. BlackRock Inc. increased its position in shares of Medley Capital by 7.6% during the 4th quarter. BlackRock Inc. now owns 350,650 shares of the investment management company’s stock valued at $1,830,000 after purchasing an additional 24,856 shares during the last quarter. American Financial Group Inc. increased its position in shares of Medley Capital by 3.4% during the 4th quarter. American Financial Group Inc. now owns 2,274,013 shares of the investment management company’s stock valued at $11,870,000 after purchasing an additional 74,155 shares during the last quarter. Roumell Asset Management LLC increased its position in shares of Medley Capital by 125.9% during the 4th quarter. Roumell Asset Management LLC now owns 984,550 shares of the investment management company’s stock valued at $5,139,000 after purchasing an additional 548,680 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Medley Capital by 132.8% during the 4th quarter. Two Sigma Investments LP now owns 226,719 shares of the investment management company’s stock valued at $1,183,000 after purchasing an additional 129,334 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Medley Capital by 45.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 489,335 shares of the investment management company’s stock valued at $2,555,000 after purchasing an additional 152,253 shares during the last quarter. Hedge funds and other institutional investors own 27.05% of the company’s stock.

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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