Analysts forecast that Medley Capital Corp (NYSE:MCC) will announce $20.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Medley Capital’s earnings, with estimates ranging from $19.01 million to $21.67 million. Medley Capital reported sales of $24.36 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The company is scheduled to report its next earnings report on Tuesday, May 8th.
On average, analysts expect that Medley Capital will report full year sales of $20.60 million for the current financial year, with estimates ranging from $76.00 million to $86.06 million. For the next year, analysts expect that the business will post sales of $87.51 million per share, with estimates ranging from $86.00 million to $88.85 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Medley Capital.
Medley Capital (NYSE:MCC) last posted its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $20.63 million during the quarter, compared to analyst estimates of $22.19 million. Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.23%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS.
A number of research firms have issued reports on MCC. Zacks Investment Research cut Medley Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine upgraded Medley Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods set a $6.00 target price on Medley Capital and gave the company a “hold” rating in a research report on Friday, December 8th. National Securities reiterated a “neutral” rating and issued a $6.00 target price on shares of Medley Capital in a research report on Thursday, December 7th. Finally, Barclays decreased their target price on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.63.
Medley Capital (MCC) traded down $0.02 during mid-day trading on Friday, reaching $4.26. The company had a trading volume of 256,134 shares, compared to its average volume of 372,584. The firm has a market capitalization of $232.06, a P/E ratio of -4.35, a PEG ratio of 1.52 and a beta of 1.24. Medley Capital has a fifty-two week low of $4.04 and a fifty-two week high of $7.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 5.02 and a current ratio of 5.02.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 15.02%. The ex-dividend date of this dividend is Tuesday, February 20th. Medley Capital’s dividend payout ratio (DPR) is currently -65.31%.
Several large investors have recently added to or reduced their stakes in MCC. Macquarie Group Ltd. bought a new stake in shares of Medley Capital during the third quarter worth about $124,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Medley Capital during the third quarter worth about $149,000. Cubist Systematic Strategies LLC bought a new stake in shares of Medley Capital during the second quarter worth about $158,000. Stevens Capital Management LP bought a new stake in shares of Medley Capital during the third quarter worth about $170,000. Finally, Jane Street Group LLC bought a new stake in shares of Medley Capital during the fourth quarter worth about $191,000. Institutional investors own 31.59% of the company’s stock.
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Medley Capital 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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