JPMorgan Chase & Co. increased its stake in Medley Capital Corporation (NYSE:MCC) by 100.0% during the third quarter, reports. The firm owned 337,356 shares of the investment management company’s stock after purchasing an additional 168,651 shares during the quarter. JPMorgan Chase & Co.’s holdings in Medley Capital were worth $1,980,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MCC. Legal & General Group Plc raised its holdings in Medley Capital by 19.8% during the third quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock valued at $1,002,000 after acquiring an additional 27,708 shares during the period. Alpine Woods Capital Investors LLC bought a new stake in Medley Capital during the third quarter valued at about $149,000. Dynamic Technology Lab Private Ltd bought a new stake in Medley Capital during the third quarter valued at about $311,000. Macquarie Group Ltd. bought a new stake in Medley Capital during the third quarter valued at about $124,000. Finally, Stevens Capital Management LP bought a new stake in Medley Capital during the third quarter valued at about $170,000. 29.15% of the stock is currently owned by institutional investors.

Shares of Medley Capital Corporation (NYSE:MCC) opened at $5.22 on Tuesday. The company has a current ratio of 11.02, a quick ratio of 11.02 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $284.36, a PE ratio of -18.64, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. Medley Capital Corporation has a twelve month low of $5.09 and a twelve month high of $8.05.

Medley Capital (NYSE:MCC) last posted its quarterly earnings results on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. Medley Capital had a positive return on equity of 7.50% and a negative net margin of 15.66%. The business had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $23.51 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was down 18.7% on a year-over-year basis. equities research analysts predict that Medley Capital Corporation will post 0.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 12.26%. Medley Capital’s dividend payout ratio (DPR) is -228.57%.

A number of equities research analysts have commented on MCC shares. Keefe, Bruyette & Woods set a $6.00 price target on Medley Capital and gave the company a “hold” rating in a report on Friday, December 8th. Zacks Investment Research cut Medley Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. National Securities reissued a “neutral” rating and set a $6.00 price target on shares of Medley Capital in a report on Thursday, December 7th. Finally, ValuEngine cut Medley Capital from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Medley Capital presently has an average rating of “Hold” and a consensus target price of $6.17.

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Medley Capital 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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Institutional Ownership by Quarter for Medley Capital (NYSE:MCC)

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