Medley Capital Corporation (MCC) Director Buys $2,924,506.25 in Stock

Medley Capital Corporation (NYSE:MCC) Director Seth Taube acquired 467,921 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $2,924,506.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Seth Taube also recently made the following trade(s):

  • On Wednesday, June 7th, Seth Taube acquired 194,967 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.09 per share, for a total transaction of $1,187,349.03.
  • On Tuesday, June 6th, Seth Taube acquired 194,967 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.06 per share, for a total transaction of $1,181,500.02.
  • On Monday, June 5th, Seth Taube acquired 194,967 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.08 per share, for a total transaction of $1,185,399.36.
  • On Friday, June 2nd, Seth Taube acquired 455,356 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.13 per share, for a total transaction of $2,791,332.28.
  • On Wednesday, May 24th, Seth Taube acquired 392,025 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.13 per share, for a total transaction of $2,403,113.25.
  • On Friday, May 19th, Seth Taube acquired 304,128 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.20 per share, for a total transaction of $1,885,593.60.
  • On Tuesday, May 16th, Seth Taube acquired 230,137 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.16 per share, for a total transaction of $1,417,643.92.
  • On Thursday, May 11th, Seth Taube acquired 149,607 shares of Medley Capital Corporation stock. The shares were bought at an average cost of $6.40 per share, for a total transaction of $957,484.80.

Shares of Medley Capital Corporation (MCC) opened at 6.37 on Tuesday. Medley Capital Corporation has a one year low of $5.95 and a one year high of $8.06. The firm’s 50-day moving average is $6.41 and its 200-day moving average is $7.31.

Medley Capital Corporation (NYSE:MCC) last announced its earnings results on Tuesday, May 9th. The investment management company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Medley Capital Corporation had a net margin of 4.60% and a return on equity of 8.10%. The company had revenue of $24.36 million during the quarter, compared to the consensus estimate of $26.46 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The business’s revenue was down 20.7% on a year-over-year basis. Analysts anticipate that Medley Capital Corporation will post $0.72 earnings per share for the current year.

Insider Buying and Selling by Quarter for Medley Capital Corporation (NYSE:MCC)

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, May 24th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend is Monday, May 22nd. Medley Capital Corporation’s payout ratio is presently 640.06%.

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A number of hedge funds have recently made changes to their positions in MCC. Sigma Planning Corp bought a new stake in shares of Medley Capital Corporation during the first quarter valued at approximately $103,000. Malaga Cove Capital LLC boosted its stake in shares of Medley Capital Corporation by 6.9% in the first quarter. Malaga Cove Capital LLC now owns 13,900 shares of the investment management company’s stock valued at $114,000 after buying an additional 900 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Medley Capital Corporation by 50.7% in the first quarter. Global X Management Co. LLC now owns 16,517 shares of the investment management company’s stock valued at $127,000 after buying an additional 5,560 shares during the last quarter. Founders Financial Securities LLC bought a new stake in shares of Medley Capital Corporation during the first quarter valued at approximately $135,000. Finally, Stephens Inc. AR bought a new stake in shares of Medley Capital Corporation during the first quarter valued at approximately $140,000. Institutional investors and hedge funds own 36.23% of the company’s stock.

MCC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered shares of Medley Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $8.50 to $7.00 in a report on Tuesday, May 9th. Zacks Investment Research lowered shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Finally, National Securities decreased their price objective on shares of Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.38.

Medley Capital Corporation 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MCC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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