The Seth Taube invests in 115,100 by purchasing Medley Capital Corp. (MCC) Stock shares

The Seth Taube invests in 115,100 by purchasing Medley Capital Corp. (MCC) Stock shares

Medley Capital Corp. (NYSE:MCC) Director Seth Taube purchased 115,100 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were purchased at an average cost of $7.60 per share, with a total value of $874,760.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Seth Taube also recently made the following trade(s): On Friday, August 19th, Seth Taube purchased 171,000 shares of Medley Capital Corp. stock. The shares were purchased at an average cost of $7.69 per share, with a total value of $1,314,990.00. On Tuesday, August 16th, Seth Taube purchased 239,947 shares of Medley Capital Corp. stock. The shares were purchased at an average cost of $7.44 per share, with a total value of $1,785,205.68.

Medley Capital Corp. (NYSE:MCC) opened at 7.67 on Monday. Medley Capital Corp. has a 52 week low of $5.26 and a 52 week high of $8.16. The company has a 50 day moving average of $7.54 and a 200 day moving average of $7.02.

Medley Capital Corp. (NYSE:MCC) last posted its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.26 earnings per share for the quarter, meeting 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 had revenue of $28.41 million for the quarter, compared to analysts’ expectations of $30.15 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business’s revenue was down 21.0% compared to the same quarter last year. On average, analysts expect that Medley Capital Corp. will post $0.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Wednesday, August 24th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date was Monday, August 22nd. Medley Capital Corp.’s dividend payout ratio (DPR) is -122.22%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Medley Capital Corp. during the second quarter worth $3,619,000. American Financial Group Inc. boosted its position in Medley Capital Corp. by 29.3% in the first quarter. American Financial Group Inc. now owns 2,199,858 shares of the investment management company’s stock worth $14,519,000 after buying an additional 498,400 shares during the period. Nuveen Fund Advisors LLC purchased a new position in Medley Capital Corp. during the second quarter worth $1,844,000. Janney Montgomery Scott LLC boosted its position in Medley Capital Corp. by 43.8% in the second quarter. Janney Montgomery Scott LLC now owns 400,342 shares of the investment management company’s stock worth $3,011,000 after buying an additional 121,971 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Medley Capital Corp. by 18.0% in the second quarter. Confluence Investment Management LLC now owns 657,221 shares of the investment management company’s stock worth $4,403,000 after buying an additional 100,300 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.

Several research firms have recently commented on MCC. National Securities reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Medley Capital Corp. in a research report on Thursday, August 11th. FBR & Co reaffirmed a “hold” rating on shares of Medley Capital Corp. in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating on shares of Medley Capital Corp. in a research report on Friday, August 12th. Finally, Zacks Investment Research cut shares of Medley Capital Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.67.

About Medley Capital Corp.

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