Shares of Medley Capital Corp (NYSE:MCC) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.63.
A number of research analysts have issued reports on MCC shares. Keefe, Bruyette & Woods set a $6.00 price objective on Medley Capital and gave the company a “hold” rating in a research note on Friday, December 8th. Barclays dropped their target price on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Zacks Investment Research cut Medley Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. National Securities dropped their target price on Medley Capital from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Finally, ValuEngine cut Medley Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd.
Hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC acquired a new stake in Medley Capital in the 4th quarter worth about $2,442,000. Goldman Sachs Group Inc. boosted its holdings in Medley Capital by 44.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 136,719 shares of the investment management company’s stock worth $874,000 after buying an additional 42,225 shares during the last quarter. Legal & General Group Plc boosted its holdings in Medley Capital by 19.8% in the 3rd quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock worth $1,002,000 after buying an additional 27,708 shares during the last quarter. Cue Financial Group Inc. boosted its holdings in Medley Capital by 77.1% in the 4th quarter. Cue Financial Group Inc. now owns 357,600 shares of the investment management company’s stock worth $1,866,000 after buying an additional 155,700 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Medley Capital by 1,130.4% in the 2nd quarter. Royal Bank of Canada now owns 54,013 shares of the investment management company’s stock worth $345,000 after buying an additional 49,623 shares during the last quarter. Institutional investors own 31.59% of the company’s stock.
Medley Capital (NYSE:MCC) last announced its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $20.63 million for the quarter, compared to analysts’ expectations of $22.19 million. Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.23%. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. sell-side analysts predict that Medley Capital will post 0.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Wednesday, February 21st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 15.13%. The ex-dividend date of this dividend is Tuesday, February 20th. Medley Capital’s payout ratio is -65.31%.
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Medley Capital 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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