Shares of Medley Capital Corp (NYSE:MCC) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $4.67.
MCC has been the subject of several research reports. Zacks Investment Research upgraded shares of Medley Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. National Securities restated a “neutral” rating and issued a $3.00 price objective on shares of Medley Capital in a research report on Wednesday, August 15th.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Medley Capital by 18.1% during the 1st quarter. Legal & General Group Plc now owns 198,160 shares of the investment management company’s stock worth $790,000 after buying an additional 30,414 shares during the period. Greenwich Investment Management Inc. acquired a new stake in shares of Medley Capital during the 2nd quarter worth approximately $657,000. Royal Bank of Canada grew its position in shares of Medley Capital by 49.2% during the 1st quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock worth $486,000 after buying an additional 40,257 shares during the period. Highland Capital Management LP acquired a new stake in shares of Medley Capital during the 2nd quarter worth approximately $339,000. Finally, LPL Financial LLC grew its position in shares of Medley Capital by 31.7% during the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock worth $319,000 after buying an additional 19,304 shares during the period. Institutional investors own 25.34% of the company’s stock.
MCC traded down $0.10 during midday trading on Wednesday, hitting $3.74. The company had a trading volume of 2,692 shares, compared to its average volume of 164,213. 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 stock has a market capitalization of $209.18 million, a PE ratio of 5.61 and a beta of 1.13. Medley Capital has a twelve month low of $3.35 and a twelve month high of $5.89.
Medley Capital (NYSE:MCC) last posted its quarterly earnings data on Thursday, August 9th. The investment management company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company 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%. On average, research analysts predict that Medley Capital will post 0.27 EPS for the current year.
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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