Medley Capital Corp. (NYSE:mcc) declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Wednesday, November 23rd will be given a dividend of 0.22 per share by the investment management company on Friday, December 23rd. This represents a $0.88 annualized dividend and a dividend yield of 11.15%. The ex-dividend date of this dividend is Monday, November 21st.

Medley Capital Corp. (NYSE:MCC) opened at 7.89 on Wednesday. Medley Capital Corp. has a 12-month low of $5.26 and a 12-month high of $8.10. The stock has a 50 day moving average price of $7.67 and a 200 day moving average price of $7.21.

Dividend History for Medley Capital Corp. (NYSE:mcc)

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

In other Medley Capital Corp. news, Director Seth Taube purchased 171,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was purchased at an average price of $7.69 per share, with a total value of $1,314,990.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brook Taube purchased 8,037 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average cost of $7.58 per share, with a total value of $60,920.46. The disclosure for this purchase can be found here. 0.74% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MCC. Citadel Advisors LLC acquired a new position in shares of Medley Capital Corp. during the second quarter worth approximately $162,000. Credit Suisse AG increased its stake in shares of Medley Capital Corp. by 129.6% in the third quarter. Credit Suisse AG now owns 23,147 shares of the investment management company’s stock valued at $176,000 after buying an additional 13,064 shares during the last quarter. WFG Advisors LP increased its stake in shares of Medley Capital Corp. by 2.9% in the second quarter. WFG Advisors LP now owns 43,268 shares of the investment management company’s stock valued at $290,000 after buying an additional 1,200 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 valued at $380,000 after buying an additional 1,558 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Medley Capital Corp. by 4,670.2% in the third quarter. JPMorgan Chase & Co. now owns 73,843 shares of the investment management company’s stock valued at $563,000 after buying an additional 72,295 shares during the last quarter. 29.63% of the stock is owned by hedge funds and other institutional investors.

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.

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