Medley Capital Corporation (NYSE:MCC) released its quarterly earnings results on Wednesday. The investment management company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01, Bloomberg Earnings reports. Medley Capital Corporation had a return on equity of 8.10% and a net margin of 4.60%. During the same quarter last year, the company earned $0.20 EPS.

Shares of Medley Capital Corporation (NYSE:MCC) traded up 5.46% during midday trading on Wednesday, reaching $6.57. The company had a trading volume of 634,102 shares. Medley Capital Corporation has a 12-month low of $5.95 and a 12-month high of $8.06. The stock’s 50 day moving average is $6.39 and its 200-day moving average is $7.04.

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In related news, Director Seth Taube acquired 12,109 shares of the stock in a transaction dated Monday, July 10th. The stock was purchased at an average cost of $6.40 per share, with a total value of $77,497.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brook Taube acquired 133,549 shares of the stock in a transaction dated 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 bought 6,396,654 shares of company stock valued at $39,655,529. Company insiders own 8.70% of the company’s stock.

Several hedge funds have recently modified their holdings of MCC. Muzinich & Co. Inc. increased its stake in shares of Medley Capital Corporation by 135.1% in the first quarter. Muzinich & Co. Inc. now owns 1,919,003 shares of the investment management company’s stock valued at $14,757,000 after buying an additional 1,102,871 shares during the period. Ares Management LLC increased its stake in shares of Medley Capital Corporation by 15.2% in the first quarter. Ares Management LLC now owns 961,710 shares of the investment management company’s stock valued at $7,396,000 after buying an additional 126,600 shares during the period. UBS Group AG increased its stake in shares of Medley Capital Corporation by 28.1% in the first quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock valued at $7,236,000 after buying an additional 206,314 shares during the period. Wells Fargo & Company MN increased its stake in shares of Medley Capital Corporation by 15.3% in the first quarter. Wells Fargo & Company MN now owns 769,123 shares of the investment management company’s stock valued at $5,914,000 after buying an additional 101,906 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Medley Capital Corporation by 2.8% in the first quarter. Bank of Montreal Can now owns 555,000 shares of the investment management company’s stock valued at $4,268,000 after buying an additional 15,000 shares during the period. 36.29% of the stock is owned by hedge funds and other institutional investors.

MCC has been the topic of a number of research analyst reports. National Securities dropped their price target on Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Zacks Investment Research lowered Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Keefe, Bruyette & Woods set a $9.00 target price on Medley Capital Corporation and gave the company a “buy” rating in a research report on Monday, April 17th. BidaskClub lowered Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $6.50 target price on shares of Medley Capital Corporation in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Medley Capital Corporation currently has an average rating of “Hold” and a consensus price target of $7.00.

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.

Earnings History for Medley Capital Corporation (NYSE:MCC)

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