Medley Capital Corporation (NYSE:MCC) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 1,135,664 shares, a growth of 84.5% from the November 30th total of 615,549 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 404,853 shares, the short-interest ratio is currently 2.8 days.

Medley Capital (NYSE:MCC) opened at $5.24 on Friday. 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 one year low of $5.09 and a one year high of $8.05. The firm has a market capitalization of $285.44, a P/E ratio of -18.71, a P/E/G ratio of 1.58 and a beta of 1.22.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 12.21%. The ex-dividend date of this dividend was Tuesday, November 21st. Medley Capital’s payout ratio is presently -228.57%.

Several large investors have recently made changes to their positions in the company. Airain ltd grew its holdings in shares of Medley Capital by 2.7% during the 2nd quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock worth $111,000 after purchasing an additional 462 shares in the last quarter. Ares Management LLC boosted its stake in Medley Capital by 0.5% in the 2nd quarter. Ares Management LLC now owns 966,210 shares of the investment management company’s stock valued at $6,174,000 after buying an additional 4,500 shares in the last quarter. Stifel Financial Corp boosted its stake in Medley Capital by 23.3% in the 2nd quarter. Stifel Financial Corp now owns 34,320 shares of the investment management company’s stock valued at $220,000 after buying an additional 6,480 shares in the last quarter. Stephens Inc. AR boosted its stake in Medley Capital by 36.7% in the 2nd quarter. Stephens Inc. AR now owns 24,935 shares of the investment management company’s stock valued at $159,000 after buying an additional 6,700 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Medley Capital by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 140,038 shares of the investment management company’s stock valued at $896,000 after buying an additional 12,162 shares in the last quarter. 29.15% of the stock is currently owned by institutional investors.

MCC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods set a $6.00 price target on Medley Capital and gave the stock a “hold” rating in a research note on Friday, December 8th. Zacks Investment Research downgraded Medley Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. National Securities reaffirmed a “neutral” rating and set a $6.00 price target on shares of Medley Capital in a research note on Thursday, December 7th. Finally, ValuEngine downgraded Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.17.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/medley-capital-corporation-mcc-sees-significant-growth-in-short-interest/1797733.html.

About Medley Capital

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.

Receive News & Ratings for Medley Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital and related companies with Analyst Ratings Network's FREE daily email newsletter.