Medley Capital (NYSE:MCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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 analysts have also recently issued research reports about the stock. National Securities reissued a “neutral” rating and set a $6.00 price objective on shares of Medley Capital in a report on Thursday, December 7th. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the stock a “hold” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Medley Capital currently has a consensus rating of “Hold” and a consensus price target of $6.17.

Medley Capital (MCC) traded up $0.04 during mid-day trading on Wednesday, reaching $5.27. 115,248 shares of the company’s stock were exchanged, compared to its average volume of 424,525. The company has a current ratio of 11.02, a quick ratio of 11.02 and a debt-to-equity ratio of 1.06. Medley Capital has a 12 month low of $5.09 and a 12 month high of $8.05. The firm has a market capitalization of $287.08, a PE ratio of -18.82, a P/E/G ratio of 1.59 and a beta of 1.22.

Medley Capital (NYSE:MCC) last released its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. The company had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $23.51 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. equities analysts predict that Medley Capital will post 0.66 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Medley Capital by 44.7% during the second quarter. Goldman Sachs Group Inc. now owns 136,719 shares of the investment management company’s stock worth $874,000 after acquiring an additional 42,225 shares during the last quarter. Royal Bank of Canada grew its position in shares of Medley Capital by 1,130.4% during the second quarter. Royal Bank of Canada now owns 54,013 shares of the investment management company’s stock worth $345,000 after acquiring an additional 49,623 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Medley Capital during the third quarter worth approximately $311,000. Legal & General Group Plc grew its position in shares of Medley Capital by 19.8% during the third quarter. Legal & General Group Plc now owns 167,746 shares of the investment management company’s stock worth $1,002,000 after acquiring an additional 27,708 shares during the last quarter. Finally, Roumell Asset Management LLC purchased a new position in shares of Medley Capital during the third quarter worth approximately $2,602,000. Institutional investors and hedge funds own 29.15% of the company’s stock.

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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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