Equities Analysts Set Expectations for Medley Capital Corporation’s FY2019 Earnings (MCC)
Medley Capital Corporation (NYSE:MCC) – Research analysts at Jefferies Group issued their FY2019 earnings per share estimates for Medley Capital in a note issued to investors on Tuesday. Jefferies Group analyst K. Joseph forecasts that the investment management company will post earnings per share of $0.65 for the year.
Medley Capital (NYSE:MCC) last issued its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The business had revenue of $22.10 million during the quarter, compared to analyst estimates of $23.51 million. During the same period last year, the business posted $0.23 earnings per share. Medley Capital’s quarterly revenue was down 18.7% compared to the same quarter last year.
Several other analysts have also commented on MCC. ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Medley Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. National Securities restated a “neutral” rating and issued a $6.00 price objective on shares of Medley Capital in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the stock a “hold” rating in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.17.
Shares of Medley Capital (NYSE MCC) traded up $0.06 on Thursday, reaching $5.44. 492,092 shares of the company’s stock traded hands, compared to its average volume of 353,944. The company has a quick ratio of 11.02, a current ratio of 11.02 and a debt-to-equity ratio of 1.06. Medley Capital has a twelve month low of $5.32 and a twelve month high of $8.05. The stock has a market capitalization of $293.07, a price-to-earnings ratio of 7.91, a PEG ratio of 1.68 and a beta of 1.21.
Hedge funds have recently added to or reduced their stakes in the company. Airain ltd lifted its holdings in shares of Medley Capital by 2.7% during the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 462 shares during the last quarter. BB&T Securities LLC purchased a new position in shares of Medley Capital during the second quarter valued at approximately $112,000. Macquarie Group Ltd. purchased a new position in shares of Medley Capital during the third quarter valued at approximately $124,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Medley Capital during the third quarter valued at approximately $149,000. Finally, Citadel Advisors LLC purchased a new position in shares of Medley Capital during the second quarter valued at approximately $156,000. Hedge funds and other institutional investors own 29.34% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 11.76%. Medley Capital’s payout ratio is -246.15%.
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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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