Zacks Investment Research cut shares of Medley Capital Corporation (NYSE:MCC) from a hold rating to a strong sell rating in a report issued on Wednesday.

According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “

MCC has been the topic of a number of other reports. Jefferies Group LLC reiterated a hold rating and issued a $6.50 price objective on shares of Medley Capital Corporation in a research report on Wednesday, August 16th. National Securities restated a neutral rating and set a $6.00 target price on shares of Medley Capital Corporation in a research report on Monday, August 14th. Keefe, Bruyette & Woods restated a hold rating and set a $7.00 target price on shares of Medley Capital Corporation in a research report on Wednesday, August 16th. ValuEngine upgraded shares of Medley Capital Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Medley Capital Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $7.00.

Shares of Medley Capital Corporation (MCC) traded down 0.66% during mid-day trading on Wednesday, reaching $6.06. 141,466 shares of the company were exchanged. The stock has a 50 day moving average price of $6.00 and a 200-day moving average price of $6.57. Medley Capital Corporation has a 12 month low of $5.75 and a 12 month high of $8.06.

Medley Capital Corporation (NYSE:MCC) last posted its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $24.67 million. During the same period last year, the firm posted $0.20 EPS. On average, equities analysts forecast that Medley Capital Corporation will post $0.68 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.64 annualized dividend and a dividend yield of 10.56%. Medley Capital Corporation’s payout ratio is currently -640.00%.

In other Medley Capital Corporation news, CEO Brook Taube acquired 92,116 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $584,936.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Seth Taube acquired 248,097 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was acquired at an average price of $6.37 per share, for a total transaction of $1,580,377.89. The disclosure for this purchase can be found here. Insiders have acquired a total of 352,322 shares of company stock worth $2,242,812 over the last 90 days. Insiders own 8.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MCC. Airain ltd boosted its position in shares of Medley Capital Corporation by 2.7% in the 2nd quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock worth $111,000 after buying an additional 462 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Medley Capital Corporation in the 2nd quarter worth about $112,000. Malaga Cove Capital LLC boosted its position in shares of Medley Capital Corporation by 23.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 17,200 shares of the investment management company’s stock worth $114,000 after buying an additional 3,300 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Medley Capital Corporation by 50.7% in the 1st quarter. Global X Management Co. LLC now owns 16,517 shares of the investment management company’s stock worth $127,000 after buying an additional 5,560 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Medley Capital Corporation in the 1st quarter worth about $140,000. Institutional investors and hedge funds own 29.55% of the company’s stock.

Medley Capital Corporation 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.

Analyst Recommendations for Medley Capital Corporation (NYSE:MCC)

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