Brokerages Set Medley Capital (MCC) Price Target at $5.13

Medley Capital (NYSE:MCC) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.13.

A number of analysts recently issued reports on the company. ValuEngine cut Medley Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 11th. TheStreet cut Medley Capital from a “c-” rating to a “d+” rating in a research report on Thursday, March 1st. National Securities decreased their price objective on Medley Capital from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Finally, Barclays decreased their price objective on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Medley Capital by 49.2% in the 1st quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock valued at $486,000 after purchasing an additional 40,257 shares in the last quarter. Legal & General Group Plc increased its stake in Medley Capital by 18.1% in the 1st quarter. Legal & General Group Plc now owns 198,160 shares of the investment management company’s stock valued at $790,000 after purchasing an additional 30,414 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Medley Capital by 47.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 52,227 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 16,925 shares in the last quarter. LPL Financial LLC increased its stake in Medley Capital by 31.7% in the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 19,304 shares in the last quarter. Finally, PVG Asset Management Corp increased its stake in Medley Capital by 10,930.5% in the 4th quarter. PVG Asset Management Corp now owns 1,627,544 shares of the investment management company’s stock valued at $8,496,000 after purchasing an additional 1,612,789 shares in the last quarter. 27.30% of the stock is owned by institutional investors and hedge funds.

Medley Capital opened at $3.55 on Friday, Marketbeat reports. The company has a market capitalization of $195.02 million, a PE ratio of 5.30, a PEG ratio of 1.65 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a current ratio of 8.52 and a quick ratio of 8.52. Medley Capital has a 12 month low of $3.48 and a 12 month high of $6.65.

Medley Capital (NYSE:MCC) last announced its earnings results on Wednesday, May 9th. The investment management company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The firm had revenue of $17.04 million during the quarter, compared to analyst estimates of $20.60 million. Medley Capital had a negative net margin of 83.68% and a positive return on equity of 6.64%. equities research analysts predict that Medley Capital will post 0.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Wednesday, June 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 11.27%. Medley Capital’s dividend payout ratio is currently 95.52%.

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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