Medley Capital (MCC) Given a $6.00 Price Target at Keefe, Bruyette & Woods
Medley Capital (NYSE:MCC) received a $6.00 price target from investment analysts at Keefe, Bruyette & Woods in a report released on Friday. The brokerage presently has a “hold” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 6.01% from the company’s current price.
Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group restated a “hold” rating and issued a $6.50 target price on shares of Medley Capital in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, National Securities restated a “neutral” rating and issued a $6.00 target price on shares of Medley Capital in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Medley Capital presently has an average rating of “Hold” and an average target price of $6.75.
Medley Capital (MCC) opened at $5.66 on Friday. The stock has a market cap of $306.69, a P/E ratio of 8.28, a P/E/G ratio of 1.70 and a beta of 1.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital has a one year low of $5.46 and a one year high of $8.05.
Several large investors have recently modified their holdings of the company. Ares Management LLC lifted its holdings in shares of Medley Capital by 0.5% during the second quarter. Ares Management LLC now owns 966,210 shares of the investment management company’s stock worth $6,174,000 after purchasing an additional 4,500 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Medley Capital by 9.7% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 574,068 shares of the investment management company’s stock worth $3,427,000 after purchasing an additional 50,761 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Medley Capital by 7.8% during the second quarter. Van ECK Associates Corp now owns 448,995 shares of the investment management company’s stock worth $2,869,000 after purchasing an additional 32,430 shares during the period. Roumell Asset Management LLC acquired a new position in shares of Medley Capital during the third quarter worth $2,602,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Medley Capital by 31.3% during the second quarter. Advisors Asset Management Inc. now owns 398,117 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 94,909 shares during the period. Institutional investors own 29.34% of the company’s stock.
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Medley Capital 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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