Medley Capital (NYSE:MCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “

Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the company a “hold” rating in a research note on Friday, December 8th. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. National Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of Medley Capital in a research note on Thursday, December 7th. Finally, Jefferies Group reissued a “hold” rating and issued a $6.50 price objective on shares of Medley Capital in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Medley Capital presently has a consensus rating of “Hold” and an average price target of $6.17.

Medley Capital (NYSE:MCC) opened at $5.40 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 11.02 and a current ratio of 11.02. The firm has a market cap of $308.32, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. Medley Capital has a 12 month low of $5.38 and a 12 month high of $8.05.

Medley Capital (NYSE:MCC) last announced its earnings results on Thursday, December 7th. The investment management company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $22.10 million during the quarter, compared to analyst estimates of $23.51 million. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. Medley Capital’s revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. equities analysts forecast that Medley Capital will post 0.66 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MCC. Airain ltd boosted its stake in shares of Medley Capital by 2.7% in 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 period. BB&T Securities LLC purchased a new position in shares of Medley Capital in the second quarter valued at approximately $112,000. Macquarie Group Ltd. purchased a new position in shares of Medley Capital in the third quarter valued at approximately $124,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Medley Capital in the third quarter valued at approximately $149,000. Finally, Citadel Advisors LLC purchased a new position in shares of Medley Capital in the second quarter valued at approximately $156,000. 29.34% of the stock is owned by institutional investors and hedge funds.

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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.

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