Medley Capital Corp. (NYSE:MCC) Director Seth Taube bought 115,100 shares of the business’s stock in a transaction on Thursday, October 6th. The stock was bought at an average price of $7.60 per share, for a total transaction of $874,760.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Seth Taube also recently made the following trade(s):

  • On Friday, August 19th, Seth Taube bought 171,000 shares of Medley Capital Corp. stock. The stock was bought at an average price of $7.69 per share, for a total transaction of $1,314,990.00.
  • On Tuesday, August 16th, Seth Taube bought 239,947 shares of Medley Capital Corp. stock. The stock was bought at an average price of $7.44 per share, for a total transaction of $1,785,205.68.

Medley Capital Corp. (NYSE:MCC) opened at 7.67 on Monday. Medley Capital Corp. has a 52 week low of $5.26 and a 52 week high of $8.16. The company’s 50-day moving average is $7.54 and its 200-day moving average is $7.02.

Medley Capital Corp. (NYSE:MCC) last posted its earnings results on Tuesday, August 9th. The investment management company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $28.41 million for the quarter, compared to analyst estimates of $30.15 million. Medley Capital Corp. had a negative net margin of 31.75% and a positive return on equity of 10.43%. Medley Capital Corp.’s revenue was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, analysts anticipate that Medley Capital Corp. will post $0.96 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Medley Capital Corp. (NYSE:MCC)

The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, August 24th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend was Monday, August 22nd. Medley Capital Corp.’s payout ratio is -122.22%.

A number of brokerages have weighed in on MCC. Jefferies Group restated a “hold” rating on shares of Medley Capital Corp. in a research report on Friday, August 12th. Zacks Investment Research lowered shares of Medley Capital Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th. FBR & Co reiterated a “hold” rating on shares of Medley Capital Corp. in a report on Wednesday, August 10th. Finally, National Securities reiterated a “neutral” rating and set a $7.00 price target on shares of Medley Capital Corp. in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.67.

Several institutional investors have recently modified their holdings of MCC. BlackRock Group LTD raised its position in shares of Medley Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 315,059 shares of the investment management company’s stock worth $2,111,000 after buying an additional 40,075 shares during the last quarter. PineBridge Investments L.P. raised its position in shares of Medley Capital Corp. by 37.6% in the second quarter. PineBridge Investments L.P. now owns 17,227 shares of the investment management company’s stock worth $115,000 after buying an additional 4,711 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Medley Capital Corp. during the second quarter worth approximately $291,000. Ameriprise Financial Inc. raised its position in shares of Medley Capital Corp. by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 56,679 shares of the investment management company’s stock worth $380,000 after buying an additional 1,558 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Medley Capital Corp. by 43.8% in the second quarter. Janney Montgomery Scott LLC now owns 400,342 shares of the investment management company’s stock worth $3,011,000 after buying an additional 121,971 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Medley Capital Corp. 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.

5 Day Chart for NYSE:MCC

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