Insider Selling: Medley Capital Corp (NYSE:MCC) Major Shareholder Sells 13,597 Shares of Stock

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Medley Capital Corp (NYSE:MCC) major shareholder Fortress Investment Group Llc sold 13,597 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $2.20, for a total value of $29,913.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fortress Investment Group Llc also recently made the following trade(s):

  • On Wednesday, January 8th, Fortress Investment Group Llc sold 20,500 shares of Medley Capital stock. The stock was sold at an average price of $2.20, for a total value of $45,100.00.
  • On Monday, January 6th, Fortress Investment Group Llc sold 20,271 shares of Medley Capital stock. The stock was sold at an average price of $2.15, for a total value of $43,582.65.
  • On Thursday, January 2nd, Fortress Investment Group Llc sold 2,696 shares of Medley Capital stock. The stock was sold at an average price of $2.20, for a total value of $5,931.20.
  • On Wednesday, December 18th, Fortress Investment Group Llc sold 67,193 shares of Medley Capital stock. The stock was sold at an average price of $2.11, for a total value of $141,777.23.
  • On Monday, December 16th, Fortress Investment Group Llc sold 67,162 shares of Medley Capital stock. The stock was sold at an average price of $2.13, for a total value of $143,055.06.
  • On Thursday, December 12th, Fortress Investment Group Llc sold 7,991 shares of Medley Capital stock. The stock was sold at an average price of $2.14, for a total value of $17,100.74.
  • On Monday, December 9th, Fortress Investment Group Llc sold 19,721 shares of Medley Capital stock. The stock was sold at an average price of $2.25, for a total value of $44,372.25.
  • On Wednesday, December 4th, Fortress Investment Group Llc sold 2,300 shares of Medley Capital stock. The stock was sold at an average price of $2.22, for a total value of $5,106.00.
  • On Monday, December 2nd, Fortress Investment Group Llc sold 100,000 shares of Medley Capital stock. The stock was sold at an average price of $2.16, for a total value of $216,000.00.
  • On Tuesday, November 26th, Fortress Investment Group Llc sold 75,936 shares of Medley Capital stock. The stock was sold at an average price of $2.09, for a total value of $158,706.24.

Shares of MCC stock opened at $2.25 on Thursday. The stock’s 50 day simple moving average is $2.18 and its 200 day simple moving average is $2.37. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.92 and a quick ratio of 3.92. Medley Capital Corp has a twelve month low of $1.86 and a twelve month high of $3.72.

Medley Capital (NYSE:MCC) last issued its quarterly earnings data on Monday, December 16th. The investment management company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.08). Medley Capital had a negative net margin of 208.59% and a negative return on equity of 1.69%. The company had revenue of $8.12 million during the quarter, compared to the consensus estimate of $9.68 million. Analysts anticipate that Medley Capital Corp will post -0.46 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were paid a $0.053 dividend. The ex-dividend date of this dividend was Friday, December 27th. Medley Capital’s payout ratio is -55.26%.

Several hedge funds have recently modified their holdings of the stock. BancorpSouth Bank bought a new position in shares of Medley Capital in the 3rd quarter valued at approximately $800,000. Welch Group LLC bought a new position in shares of Medley Capital in the 3rd quarter valued at approximately $177,000. Susquehanna International Group LLP raised its stake in shares of Medley Capital by 99.8% in the 2nd quarter. Susquehanna International Group LLP now owns 139,530 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 69,694 shares in the last quarter. Morgan Stanley raised its stake in shares of Medley Capital by 15.0% in the 2nd quarter. Morgan Stanley now owns 753,626 shares of the investment management company’s stock valued at $1,764,000 after acquiring an additional 98,032 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Medley Capital in the 2nd quarter valued at approximately $117,000. 26.54% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised Medley Capital from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research note on Wednesday, November 6th.

Medley Capital Company 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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