Shares of Medley Capital Corporation (NYSE:MCC) have been given an average recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.00.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $6.50 price target on shares of Medley Capital Corporation in a research report on Friday, July 14th. National Securities reaffirmed a “neutral” rating and set a $6.00 price target on shares of Medley Capital Corporation in a research report on Monday, August 14th. BidaskClub cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 price target on shares of Medley Capital Corporation in a research report on Wednesday, August 16th.

Medley Capital Corporation (MCC) traded down $0.11 during trading on Wednesday, reaching $5.66. 110,086 shares of the company were exchanged, compared to its average volume of 251,046. Medley Capital Corporation has a 52-week low of $5.53 and a 52-week high of $8.06. The stock has a market capitalization of $314.32, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21. The company has a current ratio of 10.33, a quick ratio of 10.33 and a debt-to-equity ratio of 1.07.

Medley Capital Corporation (NYSE:MCC) last released its earnings results on Wednesday, August 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. The firm had revenue of $23.70 million during the quarter, compared to the consensus estimate of $24.67 million. During the same period in the previous year, the firm earned $0.20 earnings per share. analysts anticipate that Medley Capital Corporation will post 0.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.64 dividend on an annualized basis and a yield of 11.31%. Medley Capital Corporation’s dividend payout ratio (DPR) is -640.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ares Management LLC lifted its position in shares of Medley Capital Corporation 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 in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Medley Capital Corporation 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 in the last quarter. Van ECK Associates Corp lifted its position in shares of Medley Capital Corporation 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 in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Medley Capital Corporation 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 in the last quarter. Finally, Cue Financial Group Inc. lifted its position in shares of Medley Capital Corporation by 1.2% during the second quarter. Cue Financial Group Inc. now owns 209,900 shares of the investment management company’s stock worth $1,341,000 after purchasing an additional 2,400 shares in the last quarter. 29.20% of the stock is currently owned by institutional investors and hedge funds.

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Medley Capital Corporation 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.

Analyst Recommendations for Medley Capital Corporation (NYSE:MCC)

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