Recent Investment Analysts’ Ratings Changes for Medley Capital (MCC)

Several analysts have recently updated their ratings and price targets for Medley Capital (NYSE: MCC):

  • 6/25/2019 – Medley Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “
  • 6/18/2019 – Medley Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “
  • 6/11/2019 – Medley Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “
  • 6/5/2019 – Medley Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Medley Capital Corporation is a closed-end, externally managed investment company. Medley Capital Corporation’s objective is to generate current income and capital appreciation by lending directly to privately-held small and middle market companies to help these companies fund acquisitions, growth or refinancing. Their portfolio will generally consist of first lien senior secured loans, and, to a lesser extent, second lien secured loans. In many of their investments, they will get warrants or other equity participation features which they believe will increase the total investment returns. “

Shares of Medley Capital stock opened at $2.28 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.31 and a quick ratio of 4.31. Medley Capital Corp has a 12-month low of $2.27 and a 12-month high of $4.03. The firm has a market cap of $127.47 million, a price-to-earnings ratio of 9.91 and a beta of 1.52. The company’s 50 day moving average is $2.74.

Medley Capital (NYSE:MCC) last issued its quarterly earnings results on Friday, May 10th. The investment management company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $12.59 million for the quarter, compared to analyst estimates of $13.65 million. Medley Capital had a negative net margin of 151.74% and a positive return on equity of 1.57%. Equities research analysts anticipate that Medley Capital Corp will post 0.04 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. FrontFour Capital Group LLC lifted its stake in shares of Medley Capital by 31.6% in the fourth quarter. FrontFour Capital Group LLC now owns 2,005,321 shares of the investment management company’s stock worth $5,334,000 after buying an additional 481,588 shares in the last quarter. Moab Capital Partners LLC raised its stake in Medley Capital by 5.0% during the fourth quarter. Moab Capital Partners LLC now owns 1,630,606 shares of the investment management company’s stock worth $4,337,000 after purchasing an additional 77,194 shares during the period. Morgan Stanley raised its stake in Medley Capital by 41.3% during the third quarter. Morgan Stanley now owns 429,446 shares of the investment management company’s stock worth $1,640,000 after purchasing an additional 125,469 shares during the period. Legal & General Group Plc raised its stake in Medley Capital by 11.8% during the fourth quarter. Legal & General Group Plc now owns 243,586 shares of the investment management company’s stock worth $650,000 after purchasing an additional 25,618 shares during the period. Finally, PFG Advisors raised its stake in Medley Capital by 260.4% during the fourth quarter. PFG Advisors now owns 194,595 shares of the investment management company’s stock worth $615,000 after purchasing an additional 140,595 shares during the period. Institutional investors own 25.04% of the company’s stock.

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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