Medley Capital (MCC) Lifted to “Buy” at ValuEngine
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.
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