Medley Capital Corporation (MCC) Holdings Cut by Pinebridge Investments L.P.
Pinebridge Investments L.P. cut its position in Medley Capital Corporation (NYSE:MCC) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,767 shares of the investment management company’s stock after selling 243 shares during the period. Pinebridge Investments L.P.’s holdings in Medley Capital Corporation were worth $120,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MCC. Airain ltd raised its holdings in Medley Capital Corporation by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock worth $111,000 after buying an additional 462 shares during the last quarter. BB&T Securities LLC purchased a new position in Medley Capital Corporation in the second quarter worth about $112,000. Malaga Cove Capital LLC raised its holdings in Medley Capital Corporation by 23.7% in the second 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 during the last quarter. Global X Management Co. LLC raised its holdings in Medley Capital Corporation by 50.7% in the first 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 during the last quarter. Finally, Stephens Inc. AR purchased a new position in Medley Capital Corporation in the first quarter worth about $140,000. 29.55% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $6.50 target price on shares of Medley Capital Corporation in a report on Wednesday, August 16th. National Securities reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Medley Capital Corporation in a report on Monday, August 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 price objective on shares of Medley Capital Corporation in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Medley Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine raised shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.00.
In related news, Director Seth Taube bought 12,109 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was bought at an average cost of $6.40 per share, for a total transaction of $77,497.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 8.70% of the stock is owned by company insiders.
Medley Capital Corporation (NYSE MCC) opened at 6.04 on Friday. The stock’s 50 day moving average is $5.98 and its 200 day moving average is $6.55. 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 released its earnings results on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $24.67 million. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. During the same period last year, the business earned $0.20 EPS. Equities analysts anticipate that Medley Capital Corporation will post $0.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, August 23rd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend was Monday, August 21st. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -640.00%.
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.
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