Medley Capital Corp. (NYSE:MCC) Director Seth Taube acquired 115,100 shares of the stock in a transaction dated Thursday, October 6th. The stock was bought at an average price of $7.60 per share, for a total transaction of $874,760.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Seth Taube also recently made the following trade(s):
- On Friday, August 19th, Seth Taube purchased 171,000 shares of Medley Capital Corp. stock. The shares were acquired at an average price of $7.69 per share, for a total transaction of $1,314,990.00.
- On Tuesday, August 16th, Seth Taube purchased 239,947 shares of Medley Capital Corp. stock. The shares were acquired at an average price of $7.44 per share, for a total transaction of $1,785,205.68.
Medley Capital Corp. (NYSE:MCC) opened at 7.63 on Tuesday. The company has a 50 day moving average price of $7.53 and a 200-day moving average price of $7.03. Medley Capital Corp. has a 12-month low of $5.26 and a 12-month high of $8.10.
Medley Capital Corp. (NYSE:MCC) last posted its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Medley Capital Corp. had a positive return on equity of 10.43% and a negative net margin of 31.75%. The business had revenue of $28.41 million for the quarter, compared to analysts’ expectations of $30.15 million. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, analysts predict that Medley Capital Corp. will post $0.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Wednesday, August 24th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 11.53%. The ex-dividend date of this dividend was Monday, August 22nd. Medley Capital Corp.’s dividend payout ratio (DPR) is presently -122.22%.
A number of large investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Medley Capital Corp. by 8.3% in the second quarter. IFP Advisors Inc now owns 16,559 shares of the investment management company’s stock worth $111,000 after buying an additional 1,269 shares during the period. PineBridge Investments L.P. boosted its stake in Medley Capital Corp. by 37.6% in the second quarter. PineBridge Investments L.P. now owns 17,227 shares of the investment management company’s stock worth $115,000 after buying an additional 4,711 shares during the period. Citadel Advisors LLC acquired a new stake in Medley Capital Corp. during the second quarter worth $162,000. WFG Advisors LP boosted its stake in Medley Capital Corp. by 2.9% in the second quarter. WFG Advisors LP now owns 43,268 shares of the investment management company’s stock worth $290,000 after buying an additional 1,200 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Medley Capital Corp. during the second quarter worth $291,000. Institutional investors and hedge funds own 28.30% of the company’s stock.
A number of equities research analysts have weighed in on MCC shares. Jefferies Group reiterated a “hold” rating on shares of Medley Capital Corp. in a research note on Friday, August 12th. FBR & Co reiterated a “hold” rating on shares of Medley Capital Corp. in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Medley Capital Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, National Securities reiterated a “neutral” rating and set a $7.00 price target on shares of Medley Capital Corp. in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.67.
Medley Capital Corp. 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.
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