Medley Capital Corp (NYSE:MCC) major shareholder Fortress Investment Group Llc sold 19,721 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $2.25, for a total transaction of $44,372.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Fortress Investment Group Llc also recently made the following trade(s):

  • On Wednesday, December 4th, Fortress Investment Group Llc sold 2,300 shares of Medley Capital stock. The shares were sold at an average price of $2.22, for a total transaction of $5,106.00.
  • On Monday, December 2nd, Fortress Investment Group Llc sold 100,000 shares of Medley Capital stock. The stock was sold at an average price of $2.16, for a total transaction of $216,000.00.
  • On Tuesday, November 26th, Fortress Investment Group Llc sold 75,936 shares of Medley Capital stock. The stock was sold at an average price of $2.09, for a total transaction of $158,706.24.
  • On Friday, November 22nd, Fortress Investment Group Llc sold 5,100 shares of Medley Capital stock. The stock was sold at an average price of $2.05, for a total transaction of $10,455.00.
  • On Wednesday, November 20th, Fortress Investment Group Llc sold 20,830 shares of Medley Capital stock. The stock was sold at an average price of $2.00, for a total transaction of $41,660.00.
  • On Monday, November 18th, Fortress Investment Group Llc sold 3,136 shares of Medley Capital stock. The stock was sold at an average price of $1.99, for a total transaction of $6,240.64.
  • On Friday, November 8th, Fortress Investment Group Llc sold 600 shares of Medley Capital stock. The stock was sold at an average price of $2.04, for a total transaction of $1,224.00.

MCC traded down $0.01 on Friday, reaching $2.13. The company had a trading volume of 6,223 shares, compared to its average volume of 168,860. The company has a fifty day moving average of $2.11 and a 200-day moving average of $2.44. The company has a market capitalization of $119.29 million, a P/E ratio of 9.26 and a beta of 1.30. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.07. Medley Capital Corp has a one year low of $1.86 and a one year high of $3.72.

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 28th were given a $0.053 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date of this dividend was Tuesday, November 26th. This is a positive change from Medley Capital’s previous quarterly dividend of $0.05. Medley Capital’s dividend payout ratio is currently 91.30%.

Separately, Zacks Investment Research upgraded shares of Medley Capital from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, November 6th.

A number of institutional investors and hedge funds have recently made changes to their positions in MCC. Stephens Inc. AR grew its position in Medley Capital by 16.7% in the 2nd quarter. Stephens Inc. AR now owns 31,400 shares of the investment management company’s stock valued at $73,000 after buying an additional 4,500 shares in the last quarter. Loukas Stephen bought a new position in Medley Capital in the 2nd quarter valued at about $98,000. Compagnie Lombard Odier SCmA bought a new position in Medley Capital in the 2nd quarter valued at about $117,000. Welch Group LLC bought a new position in Medley Capital in the 3rd quarter valued at about $177,000. Finally, Susquehanna International Group LLP grew its position in Medley Capital by 99.8% in the 2nd quarter. Susquehanna International Group LLP now owns 139,530 shares of the investment management company’s stock valued at $327,000 after buying an additional 69,694 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.

Medley Capital Company Profile

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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Insider Buying and Selling by Quarter for Medley Capital (NYSE:MCC)

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