About Medley Capital Corporation
Medley Capital Corporation is a non-diversified closed-end management investment company. 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. Its investment portfolio includes senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may invest up to 100% of its assets in securities acquired directly from issuers in privately negotiated transactions. Its portfolio of investments includes industries, including banking, finance, insurance and real estate; construction and building; healthcare and pharmaceuticals; beverage and food, and telecommunications. MCC Advisors LLC is the Company's investment advisor.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed-End Fund - Equity
- Sub-Industry: Asset Management & Custody Banks
- Exchange: NYSE
- Symbol: MCC
- CUSIP: 58503F10
- Previous Close: $7.66
- 50 Day Moving Average: $7.64
- 200 Day Moving Average: $7.58
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.80
- P/E Growth: 1.99
- Market Cap: $N/A
- Beta: 1.11
- Net Margins: 15.63%
- Return on Equity: 9.16%
- Return on Assets: 4.58%
Companies Related to Medley Capital Corporation:
- Debt-to-Equity Ratio: 0.99%
- Current Ratio: 9.10%
- Quick Ratio: 9.10%
What is Medley Capital Corporation's stock symbol?
Medley Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCC."
How often does Medley Capital Corporation pay dividends? What is the dividend yield for Medley Capital Corporation?
Medley Capital Corporation announced a quarterly dividend on Friday, February 10th. Investors of record on Wednesday, February 22nd will be given a dividend of $0.22 per share on Friday, March 24th. This represents a $0.88 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend is Friday, February 17th.
Where is Medley Capital Corporation's stock going? Where will Medley Capital Corporation's stock price be in 2017?
4 analysts have issued twelve-month price targets for Medley Capital Corporation's stock. Their predictions range from $7.00 to $8.50. On average, they anticipate Medley Capital Corporation's stock price to reach $7.63 in the next twelve months.
When will Medley Capital Corporation announce their earnings?
Medley Capital Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 8th 2017.
What are analysts saying about Medley Capital Corporation stock?
Here are some recent quotes from research analysts about Medley Capital Corporation stock:
National Securities analysts commented, "• MCC’s NII/share of $0.19 fell a penny short of consensus but matched our estimate, as NIM remained flat compared with the prior quarter but absent the fee waivers of 4Q16 earnings experienced a sequential decline.
• Credit quality remains the primary focus for Medley with non-accruals at cost finishing 12/31/16 at 14.0% of the portfolio, up from 13.4% the quarter prior. Unrealized losses on non-accruals increased by $2.4 million Q/Q to $81.9 million and were comprised of ten different companies. The high non-accruals will likely keep MCC discounted to NAV/share significantly.
• We expect effective yield and NIM to decrease in fiscal 2017 as a result of increased focus on more first lien senior debt although we model modest Y/Y improvements in fiscal 2018 as a result of what we anticipate will be additional SBA leverage.
• Even with fee income being over double the amount of the lows seen in fiscal 3Q16 the company’s NII/share fell short of adequately covering the dividend. We expect that in fiscal 4Q17 the quarterly dividend will be reduced by $0.04/share to $0.18/share.
• We are revising our fiscal 2017 NII/share estimate from $0.79 to $0.75 and our fiscal 2018 NII/share estimate from $0.83 to $0.80.
According to Zacks Investment Research, "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. " (2/15/2017)
FBR & Co analysts commented, "MCC reported F4Q16 (quarter-end September 30, 2016) net investment income EPS of $0.23, slightly above our estimate and the consensus expectation of $0.22. Although EPS fully covered the new quarterly dividend of $0.22/share, this was supported by the payment of no incentive fees, as total investment income fell by $1.2M QOQ. Asset quality remained an issue as NAV/share decreased by $0.27 (or 3%) on a linked-quarter basis and $1.51 (or 14%) from F4Q15. Going forward, we remain cautious on MCC’s earnings outlook given declining investment asset volumes, an elevated D/E ratio, and management’s comments that capital deployment will be conservative in coming quarters. Further, we do not yet see a change in MCC’s continued asset quality instability." (12/12/2016)
Who owns Medley Capital Corporation stock?
Medley Capital Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include William Harris Investors Inc. (0.00%), Guggenheim Capital LLC (0.00%), Two Sigma Investments LP (0.00%), West Family Investments Inc. (0.00%), Van ECK Associates Corp (0.00%) and Ladenburg Thalmann Financial Services Inc. (0.00%). Company insiders that own Medley Capital Corporation stock include Brook Taube, Jeffrey B Tonkel, John D Fredericks, Richard T Allorto Jr, Robert K Lyons and Seth Taube.
Who sold Medley Capital Corporation stock? Who is selling Medley Capital Corporation stock?
Medley Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including West Family Investments Inc. and Private Advisor Group LLC.
Who bought Medley Capital Corporation stock? Who is buying Medley Capital Corporation stock?
Medley Capital Corporation's stock was bought by a variety of institutional investors in the last quarter, including William Harris Investors Inc., Two Sigma Investments LP, Ladenburg Thalmann Financial Services Inc., Vivaldi Asset Management LLC, Advisory Research Inc., Guggenheim Capital LLC, Van ECK Associates Corp and Trexquant Investment LP. Company insiders that have bought Medley Capital Corporation stock in the last two years include Brook Taube, Jeffrey B Tonkel, John D Fredericks, Richard T Allorto Jr, Robert K Lyons and Seth Taube.
How do I buy Medley Capital Corporation stock?
Shares of Medley Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Medley Capital Corporation stock cost?
One share of Medley Capital Corporation stock can currently be purchased for approximately $7.66.