Medley Capital (NYSE:MCC) posted its earnings results on Thursday. The investment management company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16, Bloomberg Earnings reports. The firm had revenue of $22.10 million during the quarter, compared to the consensus estimate of $23.51 million. Medley Capital had a negative net margin of 6.07% and a positive return on equity of 8.04%. The company’s revenue was down 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS.
Shares of Medley Capital (NYSE MCC) opened at $5.75 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital has a 1 year low of $5.53 and a 1 year high of $8.05. The stock has a market cap of $314.32, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Wednesday, November 22nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 11.13%. The ex-dividend date is Tuesday, November 21st. Medley Capital’s dividend payout ratio (DPR) is -640.00%.
A number of analysts recently issued reports on the stock. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Medley Capital in a research report on Monday, August 14th. ValuEngine raised shares of Medley Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group reissued a “hold” rating and set a $6.50 target price on shares of Medley Capital in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Medley Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 target price on shares of Medley Capital in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.00.
About Medley Capital
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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