Greenwich Investment Management Inc. lifted its position in shares of Medley Capital Corp (NYSE:MCC) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,913 shares of the investment management company’s stock after purchasing an additional 6,373 shares during the period. Greenwich Investment Management Inc. owned about 0.48% of Medley Capital worth $618,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR lifted its position in shares of Medley Capital by 17.5% during the 1st quarter. Stephens Inc. AR now owns 26,900 shares of the investment management company’s stock worth $84,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Medley Capital by 11.8% during the 4th quarter. Legal & General Group Plc now owns 243,586 shares of the investment management company’s stock worth $650,000 after purchasing an additional 25,618 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Medley Capital by 345.7% during the 4th quarter. Bank of America Corp DE now owns 69,542 shares of the investment management company’s stock worth $185,000 after purchasing an additional 53,940 shares during the last quarter. 24.96% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:MCC opened at $2.65 on Wednesday. The stock’s fifty day moving average is $2.49. Medley Capital Corp has a 12 month low of $2.19 and a 12 month high of $4.03. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market cap of $145.44 million, a price-to-earnings ratio of 11.52 and a beta of 1.32.
Medley Capital Profile
Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.
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