Somewhat Positive Press Coverage Somewhat Unlikely to Impact Medley Capital Corporation (MCC) Share Price
Headlines about Medley Capital Corporation (NYSE:MCC) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Medley Capital Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 45.7393810502292 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Eagle Point Credit (ECC) versus Medley Capital Corporation (MCC) Head-To-Head Review (americanbankingnews.com)
- Sierra Income Corporation Supports CI Capital Partners’ Acquisition of Summit Companies (businesswire.com)
- Main Street Capital’s NAV, Dividend, And Valuation Compared To 10 BDC Peers (Post Q2 2017 Earnings) – Part 2 (seekingalpha.com)
- Medley Capital Corporation Stake Acquired By Stephens AR – Insider Tradings (insidertradings.org)
Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $6.50 price target on shares of Medley Capital Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Medley Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Medley Capital Corporation in a research note on Monday, August 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price objective on shares of Medley Capital Corporation in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.00.
Shares of Medley Capital Corporation (NYSE:MCC) opened at 5.97 on Monday. Medley Capital Corporation has a one year low of $5.75 and a one year high of $8.06. The firm has a 50-day moving average price of $6.15 and a 200 day moving average price of $6.69.
Medley Capital Corporation (NYSE:MCC) last released its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $23.70 million for the quarter, compared to analyst estimates of $24.67 million. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. During the same period in the previous year, the firm earned $0.20 EPS. Equities analysts forecast that Medley Capital Corporation will post $0.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.16 per share. The ex-dividend date was Monday, August 21st. This represents a $0.64 annualized dividend and a yield of 10.72%. Medley Capital Corporation’s dividend payout ratio (DPR) is currently -640.00%.
In other Medley Capital Corporation news, Director Seth Taube acquired 12,109 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was acquired at an average cost of $6.40 per share, with a total value of $77,497.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brook Taube acquired 50,049 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were acquired at an average cost of $6.40 per share, with a total value of $320,313.60. The disclosure for this purchase can be found here. Insiders acquired 508,303 shares of company stock worth $3,238,972 in the last ninety days. Insiders own 8.70% of the company’s stock.
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About Medley Capital Corporation
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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