Trading Report: Today: American Financial Group Inc. Reached $16,785,000 position of Medley Capital Corp. (MCC)

Today: American Financial Group Inc. Reached $16,785,000 position  of Medley Capital Corp. (MCC)

American Financial Group Inc. held its stake in Medley Capital Corp. (NYSE:MCC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,199,858 shares of the investment management company’s stock at the end of the third quarter. Medley Capital Corp. makes up approximately 1.2% of American Financial Group Inc.’s holdings, making the stock its 24th largest position. American Financial Group Inc.’s holdings in Medley Capital Corp. were worth $16,785,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Malaga Cove Capital LLC bought a new stake in Medley Capital Corp. during the third quarter worth approximately $107,000. IFP Advisors Inc increased its stake in 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 worth $111,000 after buying an additional 1,269 shares in the last quarter. PineBridge Investments L.P. increased its stake in 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 worth $115,000 after buying an additional 4,711 shares in the last quarter. Citadel Advisors LLC bought a new stake in Medley Capital Corp. during the second quarter worth approximately $162,000. Finally, Nwam LLC increased its stake in Medley Capital Corp. by 10.1% in the third quarter. Nwam LLC now owns 32,700 shares of the investment management company’s stock worth $250,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 31.73% of the company’s stock.

Medley Capital Corp. (NYSE:MCC) opened at 7.85 on Monday. The stock’s 50 day moving average price is $7.72 and its 200 day moving average price is $7.27. Medley Capital Corp. has a 52-week low of $5.26 and a 52-week high of $8.10.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, November 23rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 11.21%. The ex-dividend date of this dividend is Monday, November 21st. Medley Capital Corp.’s dividend payout ratio is currently -122.22%.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Medley Capital Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th. National Securities reissued a “neutral” rating and issued a $7.00 target price on shares of Medley Capital Corp. in a research note on Thursday, August 11th. FBR & Co reissued a “hold” rating on shares of Medley Capital Corp. in a research note on Wednesday, August 10th. Finally, Jefferies Group reissued a “hold” rating on shares of Medley Capital Corp. in a research note on Friday, August 12th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.67.

In related news, Director Seth Taube bought 115,100 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was acquired at an average cost of $7.60 per share, with a total value of $874,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brook Taube bought 281,300 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average cost of $7.15 per share, with a total value of $2,011,295.00. The disclosure for this purchase can be found here. Corporate insiders own 0.74% of the company’s stock.

Medley Capital Corp. Company Profile

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