$15.43 Million in Sales Expected for Medley Capital Corp (MCC) This Quarter

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Equities research analysts forecast that Medley Capital Corp (NYSE:MCC) will post $15.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Medley Capital’s earnings, with estimates ranging from $14.06 million to $16.79 million. Medley Capital reported sales of $22.15 million during the same quarter last year, which indicates a negative year-over-year growth rate of 30.3%. The firm is expected to report its next quarterly earnings report on Thursday, December 6th.

According to Zacks, analysts expect that Medley Capital will report full-year sales of $67.04 million for the current financial year, with estimates ranging from $65.67 million to $68.40 million. For the next financial year, analysts expect that the company will report sales of $65.48 million, with estimates ranging from $62.77 million to $68.18 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Medley Capital.

Medley Capital (NYSE:MCC) last released its earnings results 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). The business had revenue of $13.95 million during the quarter, compared to analyst estimates of $18.23 million. Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%.

MCC has been the subject of several analyst reports. Zacks Investment Research upgraded Medley Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. National Securities reiterated a “neutral” rating and issued a $3.00 target price on shares of Medley Capital in a research note on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $4.67.

Medley Capital stock traded down $0.04 during trading on Wednesday, hitting $3.60. The company’s stock had a trading volume of 64,279 shares, compared to its average volume of 173,965. The firm has a market capitalization of $196.65 million, a P/E ratio of 5.37 and a beta of 1.06. Medley Capital has a 1-year low of $3.35 and a 1-year 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.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Medley Capital by 9.4% during the third quarter. BlackRock Inc. now owns 264,349 shares of the investment management company’s stock worth $1,010,000 after acquiring an additional 22,621 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Medley Capital by 118.9% during the third quarter. JPMorgan Chase & Co. now owns 59,902 shares of the investment management company’s stock worth $229,000 after acquiring an additional 32,539 shares during the last quarter. PFG Advisors acquired a new stake in Medley Capital during the third quarter worth about $204,000. Highland Capital Management LP acquired a new stake in Medley Capital during the second quarter worth about $339,000. Finally, Raymond James & Associates acquired a new stake in Medley Capital during the second quarter worth about $187,000. Institutional investors own 25.42% of the company’s stock.

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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