The Jefferies Group Reiterates “Hold” Rating for Medley Capital Corp. (MCC)

The Jefferies Group Reiterates “Hold” Rating for Medley Capital Corp. (MCC)

Jefferies Group reiterated their hold rating on shares of Medley Capital Corp. (NYSE:MCC) in a research note published on Tuesday morning. Jefferies Group currently has a $7.00 price objective on the investment management company’s stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Medley Capital Corp. from a strong sell rating to a hold rating in a research note on Wednesday, October 12th. FBR & Co reaffirmed a hold rating on shares of Medley Capital Corp. in a research note on Wednesday, August 10th. Finally, National Securities reaffirmed a neutral rating and issued a $7.00 target price on shares of Medley Capital Corp. in a research note on Thursday, August 11th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $7.67.

Shares of Medley Capital Corp. (NYSE:MCC) opened at 7.63 on Tuesday. Medley Capital Corp. has a 52 week low of $5.26 and a 52 week high of $8.10. The stock has a 50 day moving average price of $7.58 and a 200 day moving average price of $7.14.

Medley Capital Corp. (NYSE:MCC) last issued its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. Medley Capital Corp. had a negative net margin of 31.75% and a positive return on equity of 10.43%. The business earned $28.41 million during the quarter, compared to analysts’ expectations of $30.15 million. During the same period last year, the company posted $0.30 EPS. The company’s revenue was down 21.0% on a year-over-year basis. Equities research analysts expect that Medley Capital Corp. will post $0.96 EPS for the current fiscal year.

In related news, Director Seth Taube acquired 239,947 shares of the stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $7.44 per share, with a total value of $1,785,205.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brook Taube acquired 11,844 shares of the stock in a transaction dated Thursday, October 20th. The shares were bought at an average cost of $7.59 per share, with a total value of $89,895.96. The disclosure for this purchase can be found here. 0.74% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in MCC. Malaga Cove Capital LLC bought a new stake in shares of Medley Capital Corp. during the third quarter valued at about $107,000. IFP Advisors Inc boosted its stake in shares of Medley Capital Corp. by 8.3% in the second quarter. IFP Advisors Inc now owns 16,559 shares of the investment management company’s stock valued at $111,000 after buying an additional 1,269 shares in the last quarter. PineBridge Investments L.P. boosted its stake in shares of Medley Capital Corp. by 37.6% in the second quarter. PineBridge Investments L.P. now owns 17,227 shares of the investment management company’s stock valued at $115,000 after buying an additional 4,711 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Medley Capital Corp. during the second quarter valued at about $162,000. Finally, Nwam LLC boosted its stake in shares of Medley Capital Corp. by 10.1% in the third quarter. Nwam LLC now owns 32,700 shares of the investment management company’s stock valued at $250,000 after buying an additional 3,000 shares in the last quarter. 28.17% of the stock is owned by institutional investors.

Medley Capital Corp. Company Profile

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