The Total Revenue for first quarter decreased 20% to $ 14.00 million from $ 17.57 million in the same quarter past year. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws. Keefe, Bruyette & Woods cut Medley Capital Corp from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $8.50 to $7.00 in a research report on Tuesday.
Several hedge funds have recently made changes to their positions in MCC. During the same period in the prior year, the company posted $0.26 EPS. Acrospire Investment Management LLC boosted its stake in Medley Capital Corp by 52.6% in the third quarter.
The biggest institutional shareholders in Medley Management Inc. include Wells Capital Management Inc. which owns 794 K million shares in the company valued at $7.86 million. Boothbay Fund Management LLC now owns 18,945 shares of the investment management company's stock valued at $142,000 after buying an additional 6,901 shares in the last quarter. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/05/14/brokerages-set-medley-capital-corp-mcc-target-price-at-8-13.html. Finally, Jefferies Group LLC set a $8.00 price objective on Medley Capital Corp and gave the stock a "hold" rating in a research note on Saturday, February 11th. The stock has a market capitalization of $337.19 million, a price-to-earnings ratio of 19.34 and a beta of 1.11. Four analysts have provided estimates for Medley Capital Corp's earnings, with estimates ranging from $26.13 million to $27.8 million. Malaga Cove Capital LLC now owns 13,900 shares of the investment management company's stock worth $114,000 after buying an additional 900 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Medley Capital Corp during the fourth quarter valued at about $320,000. Arete Wealth Advisors LLC boosted its position in shares of Medley Capital Corp by 0.5% in the third quarter. The company has a 50-day moving average price of $7.52 and a 200-day moving average price of $7.60. The company now has an average rating of "Hold" and an average target price of $7.63. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. Boothbay Fund Management LLC boosted its position in shares of Medley Capital Corp by 57.3% in the fourth quarter. The firm had revenue of $24.36 million during the quarter, compared to analyst estimates of $26.46 million.
FBR & Co cut their Q3 2017 earnings per share (EPS) estimates for Medley Capital Corp in a report issued on Thursday.
Debt moves up Medley Management Inc. has witnessed an increase in total debt over the last one year.
In terms of earnings per share, 5 analysts have a 0.16 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 5 analysts have a 0.17 EPS mean target and for the quarter ending Sep-17 there are 5 estimates of 0.65 EPS. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 372,670 shares of company stock valued at $2,628,104 in the last three months.
The Board of Directors has approved a quarterly, dividend of $0.20 per share for the first quarter of 2017, to be paid on May 31, 2017, to stockholders of record as of May 22, 2017. The ex-dividend date of this dividend is Thursday, May 18th.
In related news, CEO Brook Taube bought 12,060 shares of the firm's stock in a transaction that occurred on Friday, March 17th. This represents a $0.64 annualized dividend and a yield of 10.34%. The stock was purchased at an average price of $7.50 per share, with a total value of $90,450.00. Medley Capital Corp's dividend payout ratio is now 266.67%. The disclosure for this purchase can be found here. Insiders own 8.70% of the company's stock. 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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