ValuEngine upgraded shares of Medley Capital (NYSE:MCC) from a hold rating to a buy rating in a research report sent to investors on Friday.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Medley Capital from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a hold rating and issued a $7.00 price target on shares of Medley Capital in a report on Wednesday, August 16th. Jefferies Group restated a hold rating and issued a $6.50 price target on shares of Medley Capital in a report on Wednesday, August 16th. Finally, National Securities restated a neutral rating and issued a $6.00 price target on shares of Medley Capital in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $7.00.

Medley Capital (MCC) traded up $0.02 during midday trading on Friday, reaching $5.78. The company’s stock had a trading volume of 186,335 shares, compared to its average volume of 343,743. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital has a 52 week low of $5.53 and a 52 week high of $8.05. The firm has a market cap of $313.77, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date is Tuesday, November 21st. Medley Capital’s dividend payout ratio is currently -640.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Roumell Asset Management LLC acquired a new stake in shares of Medley Capital in the 3rd quarter worth approximately $2,602,000. Pinebridge Investments L.P. grew its holdings in Medley Capital by 73.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 32,534 shares of the investment management company’s stock valued at $195,000 after buying an additional 13,767 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Medley Capital by 100.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,356 shares of the investment management company’s stock valued at $1,980,000 after buying an additional 168,651 shares during the last quarter. Legal & General Group Plc grew its holdings in Medley Capital by 19.8% during the 3rd quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock valued at $1,002,000 after buying an additional 27,708 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Medley Capital during the 3rd quarter valued at $149,000. Institutional investors and hedge funds own 29.34% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Medley Capital (NYSE:MCC)

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