Somewhat Positive Press Coverage Somewhat Unlikely to Affect Medley Capital Corporation (MCC) Stock Price
Media headlines about Medley Capital Corporation (NYSE:MCC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Medley Capital Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.8541362987122 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Sierra Income Corporation Announces Extension of Revolving Credit Facility – Business Wire (press release) (businesswire.com)
- Medley Capital Corporation (MCC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Short Interest in Medley Capital Corporation (MCC) Drops By 35.1% (americanbankingnews.com)
- Eagle Point Credit (ECC) versus Medley Capital Corporation (MCC) Head-To-Head Review (americanbankingnews.com)
Medley Capital Corporation (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 52-week low of $5.75 and a 52-week high of $8.06.
Medley Capital Corporation (NYSE:MCC) last posted its earnings results on Wednesday, August 9th. The investment management company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company posted $0.20 earnings per share. Equities analysts forecast that Medley Capital Corporation will post $0.68 EPS for the current 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 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 yield of 10.60%. Medley Capital Corporation’s payout ratio is -640.00%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Medley Capital Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine raised shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and set a $6.50 target price on shares of Medley Capital Corporation in a research report on Friday, July 14th. Finally, National Securities restated a “neutral” rating and set a $6.00 price target on shares of Medley Capital Corporation in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.00.
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In related news, Director Seth Taube bought 12,109 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was bought at an average cost of $6.40 per share, with a total value of $77,497.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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