Zacks Investment Research Upgrades Medley Capital Corporation (MCC) to “Hold”

Medley Capital Corporation (NYSE:MCC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released 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. “

Several other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price target on shares of Medley Capital Corporation in a research report on Wednesday, August 16th. BidaskClub cut shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $6.50 price objective on shares of Medley Capital Corporation in a report on Friday, July 14th. Finally, National Securities restated a “neutral” rating and set a $6.00 price objective on shares of Medley Capital Corporation in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.00.

Medley Capital Corporation (NYSE:MCC) last issued its quarterly earnings results 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. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $24.67 million. During the same period in the previous year, the business earned $0.20 earnings per share.

WARNING: This article was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2958157/zacks-investment-research-upgrades-medley-capital-corporation-mcc-to-hold.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC grew its stake in shares of Medley Capital Corporation by 50.7% in the 1st 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 in the last quarter. Malaga Cove Capital LLC grew its stake in shares of Medley Capital Corporation by 23.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 17,200 shares of the investment management company’s stock valued at $114,000 after buying an additional 3,300 shares in the last quarter. Airain ltd grew its stake in shares of Medley Capital Corporation by 2.7% in the 2nd 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 in the last quarter. BB&T Securities LLC bought a new stake in shares of Medley Capital Corporation in the 2nd quarter valued at approximately $112,000. Finally, Stephens Inc. AR bought a new stake in shares of Medley Capital Corporation in the 1st quarter valued at approximately $140,000. 29.55% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Medley Capital Corporation (NYSE:MCC)

Receive News & Ratings for Medley Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.