Medley Capital Corporation Company Profile (NYSE:MCC)

Medley Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCC."

Medley Capital Corporation declared a quarterly dividend on Wednesday, August 9th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.16 per share on Friday, September 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date is Monday, August 21st. View Medley Capital Corporation's Dividend History.

Medley Capital Corporation (NYSE:MCC) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.01. The firm earned $23.70 million during the quarter, compared to analyst estimates of $24.67 million. Medley Capital Corporation had a positive return on equity of 8.04% and a negative net margin of 6.07%. During the same quarter last year, the business posted $0.20 EPS. View Medley Capital Corporation's Earnings History.

Medley Capital Corporation is scheduled to release their next quarterly earnings announcement on Thursday, December, 7th 2017. View Earnings Estimates for Medley Capital Corporation.

5 brokerages have issued 1-year price targets for Medley Capital Corporation's shares. Their forecasts range from $6.00 to $8.50. On average, they anticipate Medley Capital Corporation's share price to reach $7.00 in the next twelve months. View Analyst Ratings for Medley Capital Corporation.

Here are some recent quotes from research analysts about Medley Capital Corporation stock:

• 1. 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. " (10/11/2017)
• 2. National Securities analysts commented, "• For fiscal 3Q17 Medley had $0.18/share of NII, matching our estimate and coming in at 2 cents above the quarterly dividend. However, we note that that the incentive fee was not earned during the quarter and we do not expect it to be earned until fiscal 2Q18. We think earnings will still remain above the $0.16/share quarterly dividend after the incentive fee resumption as we think that less credit quality issues creating a drag on effective yield and increased capital allocated to the joint venture (JV) bode well for earnings.
  • Non-accruals finished the quarter at $121.5 million or 12.8% of the portfolio at amortized cost, down from $172.3 million the quarter prior but Medley realized losses of $55.1 million during the quarter.
  • NAV/share will likely take another leg down, in our opinion, before it has a steady improvement. Although there were no new non-accruals on the quarter we believe there is a strong likelihood that further losses are incurred.
  • We are revising our fiscal 2017 NII/share estimate to $0.69 from $0.70 and our fiscal 2018 NII/share estimate to $0.72 from $0.67." (8/14/2017)
• 3. 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)

Medley Capital Corporation saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 494,620 shares, a decline of 35.1% from the August 31st total of 762,014 shares. Based on an average daily volume of 292,051 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% of the company's shares are sold short.

Some companies that are related to Medley Capital Corporation include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).

Medley Capital Corporation's management team includes the folowing people:

• Brook Taube, Chairman of the Board, President, Chief Executive Officer
• Richard T. Allorto Jr., Chief Financial Officer, Secretary
• John D. Fredericks, Chief Compliance Officer
• Arthur S. Ainsberg, Lead Independent Director
• Mark Lerdal, Director
• Seth B. Taube, Director
• Jeffrey Tonkel, Director
• Karin Hirtler-Garvey, Independent Director

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.

One share of Medley Capital Corporation stock can currently be purchased for approximately $5.83.