Medley Capital Corporation (MCC) Receiving Somewhat Critical Press Coverage, Analysis Finds
News coverage about Medley Capital Corporation (NYSE:MCC) has trended somewhat negative recently, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Medley Capital Corporation earned a news impact score of -0.05 on Alpha One’s scale. Alpha One also gave news coverage about the investment management company an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:
- Insider Trading Activity – Medley Capital Corporation Comm (NYSE:MCC) (highlightpress.com)
- Insider Buying: Medley Capital Corporation (MCC) Director Acquires 467,921 Shares of Stock (americanbankingnews.com)
- 13G Filing: Karpus Management, Inc. and Medley Capital Corp (MCC) (feedproxy.google.com)
- Medley Capital Corp (MCC) CEO Brook Taube Bought $3.4 million of Shares – GuruFocus.com (gurufocus.com)
- Reviewing Tortoise Energy Infrastructure Corporation (TYG) & Medley Capital Corporation (MCC) (americanbankingnews.com)
Shares of Medley Capital Corporation (NYSE:MCC) traded up 1.92% during trading on Friday, hitting $6.38. 710,397 shares of the stock were exchanged. The stock’s 50 day moving average price is $6.45 and its 200 day moving average price is $7.32. Medley Capital Corporation has a 52 week low of $5.95 and a 52 week high of $8.06. The firm has a market capitalization of $347.54 million, a price-to-earnings ratio of 71.69 and a beta of 1.25.
Medley Capital Corporation (NYSE:MCC) last released its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $24.36 million for the quarter, compared to analysts’ expectations of $26.46 million. Medley Capital Corporation had a net margin of 4.60% and a return on equity of 8.10%. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts predict that Medley Capital Corporation will post $0.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Wednesday, May 24th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 10.03%. The ex-dividend date is Monday, May 22nd. Medley Capital Corporation’s payout ratio is 640.06%.
MCC has been the topic of a number of research reports. National Securities decreased their target price on shares of Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Zacks Investment Research cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Finally, Keefe, Bruyette & Woods set a $9.00 price target on shares of Medley Capital Corporation and gave the stock a “buy” rating in a report on Thursday, March 16th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.38.
In related news, Director Seth Taube acquired 230,137 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $6.16 per share, with a total value of $1,417,643.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brook Taube acquired 133,549 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average cost of $6.15 per share, with a total value of $821,326.35. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 4,549,274 shares of company stock valued at $27,940,584. Insiders own 8.70% of the company’s stock.
About Medley Capital Corporation
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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