Medley Capital Corp. (NYSE:MCC) CEO Brook Taube bought 4,450 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were purchased at an average price of $7.60 per share, with a total value of $33,820.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, September 16th, Brook Taube bought 281,300 shares of Medley Capital Corp. stock. The shares were purchased at an average price of $7.15 per share, with a total value of $2,011,295.00.
  • On Tuesday, September 13th, Brook Taube bought 382,300 shares of Medley Capital Corp. stock. The shares were purchased at an average price of $7.25 per share, with a total value of $2,771,675.00.
  • On Thursday, September 1st, Brook Taube bought 20,000 shares of Medley Capital Corp. stock. The shares were purchased at an average price of $7.49 per share, with a total value of $149,800.00.
  • On Monday, August 22nd, Brook Taube bought 100,000 shares of Medley Capital Corp. stock. The shares were purchased at an average price of $7.55 per share, with a total value of $755,000.00.

Medley Capital Corp. (NYSE:MCC) opened at 7.68 on Wednesday. Medley Capital Corp. has a 52 week low of $5.26 and a 52 week high of $8.10. The firm’s 50-day moving average is $7.55 and its 200-day moving average is $7.08.

Medley Capital Corp. (NYSE:MCC) last announced its earnings results on Tuesday, August 9th. The investment management company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $28.41 million for the quarter, compared to analysts’ expectations of $30.15 million. Medley Capital Corp. had a negative net margin of 31.75% and a positive return on equity of 10.43%. The company’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts forecast that Medley Capital Corp. will post $0.96 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Wednesday, August 24th were issued a $0.22 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.46%. Medley Capital Corp.’s payout ratio is -122.22%.

A number of analysts have recently weighed in on MCC shares. National Securities reiterated a “neutral” rating and set a $7.00 target price on shares of Medley Capital Corp. in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of Medley Capital Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 12th. Jefferies Group restated a “hold” rating on shares of Medley Capital Corp. in a report on Friday, August 12th. Finally, FBR & Co restated a “hold” rating on shares of Medley Capital Corp. in a report on Wednesday, August 10th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Medley Capital Corp. has an average rating of “Hold” and a consensus target price of $7.67.

Several institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its position in shares of Medley Capital Corp. by 18.0% in the second quarter. Confluence Investment Management LLC now owns 657,221 shares of the investment management company’s stock worth $4,403,000 after buying an additional 100,300 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Medley Capital Corp. during the second quarter worth approximately $3,619,000. Janney Montgomery Scott LLC boosted 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. BlackRock Group LTD boosted 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. Finally, Guggenheim Capital LLC boosted its position in shares of Medley Capital Corp. by 10.3% in the second quarter. Guggenheim Capital LLC now owns 314,201 shares of the investment management company’s stock worth $2,105,000 after buying an additional 29,376 shares during the last quarter. 28.31% of the stock is currently owned by institutional investors and hedge funds.

About Medley Capital Corp.

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

Receive News & Stock Ratings for Medley Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital Corp. and related stocks with our FREE daily email newsletter.