Medley Capital Corporation (NYSE:MCC)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued on Wednesday. They presently have a $7.00 target price on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 10.58% from the stock’s previous close.
MCC has been the topic of several other reports. Jefferies Group LLC reiterated a “hold” rating and issued a $6.50 price objective on shares of Medley Capital Corporation in a research report on Wednesday. National Securities reiterated a “neutral” rating and issued a $6.00 price objective on shares of Medley Capital Corporation in a research report on Monday. 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. Finally, BidaskClub downgraded shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.00.
Shares of Medley Capital Corporation (NYSE:MCC) traded up 0.79% during midday trading on Wednesday, hitting $6.38. 139,663 shares of the stock were exchanged. The firm has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.98. Medley Capital Corporation has a 12-month low of $5.95 and a 12-month high of $8.06.
Medley Capital Corporation (NYSE:MCC) last posted its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $24.67 million. During the same period last year, the firm posted $0.20 EPS. Analysts anticipate that Medley Capital Corporation will post $0.70 earnings per share for the current year.
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In related news, CEO Brook Taube bought 436,127 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $6.08 per share, with a total value of $2,651,652.16. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Seth Taube bought 51,152 shares of the stock in a transaction on Monday, July 3rd. The shares were bought at an average cost of $6.40 per share, for a total transaction of $327,372.80. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 6,016,910 shares of company stock worth $37,280,401. 8.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp bought a new position in Medley Capital Corporation during the first quarter valued at approximately $103,000. Malaga Cove Capital LLC boosted its position in 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 position in 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. Airain ltd boosted its position in Medley Capital Corporation by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock valued at $111,000 after buying an additional 462 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in Medley Capital Corporation during the first quarter valued at approximately $135,000. 36.48% of the stock is currently owned by hedge funds and other institutional investors.
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.
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