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About Medley Capital (NYSE:MCC)
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
Industry N/A
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:MCC
CUSIP58503F10
Phone212-759-0777
Debt
Debt-to-Equity Ratio1.14
Current Ratio8.52
Quick Ratio8.52
Price-To-Earnings
Trailing P/E Ratio5.28
Forward P/E Ratio8.05
P/E Growth1.63
Sales & Book Value
Annual Sales$96.26 million
Price / Sales2.00
Cash Flow$0.7269 per share
Price / Cash4.87
Book Value$7.02 per share
Price / Book0.50
Profitability
EPS (Most Recent Fiscal Year)$0.67
Net Income$-15,070,000.00
Net Margins-83.68%
Return on Equity6.64%
Return on Assets3.13%
Miscellaneous
EmployeesN/A
Outstanding Shares54,470,000
Medley Capital (NYSE:MCC) Frequently Asked Questions
What is Medley Capital's stock symbol?
Medley Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCC."
How often does Medley Capital pay dividends? What is the dividend yield for Medley Capital?
Medley Capital declared a quarterly dividend on Thursday, May 10th. Investors of record on Wednesday, June 6th will be paid a dividend of $0.10 per share on Thursday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date of this dividend is Tuesday, June 5th. View Medley Capital's Dividend History.
How were Medley Capital's earnings last quarter?
Medley Capital (NYSE:MCC) released its quarterly earnings results on Wednesday, May, 9th. The investment management company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.06. The investment management company earned $17.04 million during the quarter, compared to the consensus estimate of $20.60 million. Medley Capital had a positive return on equity of 6.64% and a negative net margin of 83.68%. View Medley Capital's Earnings History.
When is Medley Capital's next earnings date?
What price target have analysts set for MCC?
4 brokerages have issued 1 year target prices for Medley Capital's shares. Their forecasts range from $3.00 to $6.50. On average, they anticipate Medley Capital's stock price to reach $5.1250 in the next twelve months. View Analyst Ratings for Medley Capital.
What are Wall Street analysts saying about Medley Capital stock?
Here are some recent quotes from research analysts about Medley Capital stock:
- 1. National Securities analysts commented, "• Medley earned NII/share of $0.07 for fiscal 2Q18, below our estimate of $0.13 and the $0.16 quarterly dividend. The dividend was reduced to $0.10/share for the 6/30/18 quarter, slightly lower than our estimate of $0.11. We expect the dividend to be cut again to $0.07/share in fiscal 3Q19.
• Fee income was down significantly Q/Q to $496,000 from $1.9 million as origination fees fell to $161,000 from $1.5 million and prepayment fees went from $20,000 to zero. MCC recognizes the economics of origination fees up-front at the time the loan is made. This aggressive accounting policy puts the company on a hamster wheel to originate in order to keep fee income and thus NII up and in quarters of light originations such as the one ended 3/31/18 it can be substantially adverse for earnings.
• NAV/share fell to $7.02 from $7.71 Q/Q as asset quality continues to slide at Medley. Non-accruals at cost increased to $208.7 million or 23.9% of the portfolio from $161.1 million or 17.0% of the portfolio Q/Q. Four new companies were placed on non-accrual during the quarter: Dynamic Energy, Oxford Mining, The Plastics Group, and Access Media with a combined cost of $36.6 million. Velocity, with a cost of $22.8 million at 12/31/17, was removed from non-accrual status. The continued increases in non-accruals during a benign credit market speak to something extraordinarily wrong at Medley in terms of the underwriting. During a stressed credit market, we cannot fathom what the portfolio would look like.
• We are revising our fiscal 2018 NII/share estimate to $0.35 from $0.52 and our fiscal 2019 NII/share estimate to $0.31 from $0.53. We are maintaining our NEUTRAL rating and lowering our price target to $3 from $5. The only reason we are still NEUTRAL on shares is due to valuation and we think that as the ice cube continues to melt it becomes more and more likely that the external manager could potentially be on the block. Thus, we would not recommend investors sell shares at this level given these considerations." (5/14/2018)
- 2. 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. " (5/12/2018)
Who are some of Medley Capital's key competitors?
Some companies that are related to Medley Capital include Midland States Bancorp (MSBI), Guardian Capital Group (GCG), Dime Community Bancshares (DCOM), GAMCO Investors (GBL), InterRent REIT (IIPZF), Jupai (JP), John Hancock Patriot Prem (PDT), Sprott (SII), Investment Technology Group (ITG), Victory Capital (VCTR), First Foundation (FFWM), HomeStreet (HMST), Merchants Bancorp (MBIN), TriState Capital (TSC) and Sterling Bancorp (SBT).
Who are Medley Capital's key executives?
Medley Capital's management team includes the folowing people:
- Brook Taube, Chairman of the Board, President, Chief Executive Officer (Age 46)
- Richard T. Allorto Jr., Chief Financial Officer, Secretary (Age 45)
- John D. Fredericks, Chief Compliance Officer (Age 52)
- Arthur S. Ainsberg, Lead Independent Director (Age 70)
- Mark Lerdal, Director
- Seth B. Taube, Director (Age 46)
- Jeffrey Tonkel, Director (Age 46)
- Karin Hirtler-Garvey, Independent Director (Age 61)
Has Medley Capital been receiving favorable news coverage?
Headlines about MCC stock have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Medley Capital earned a media sentiment score of 0.20 on Accern's scale. They also assigned media headlines about the investment management company an impact score of 45.64 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Medley Capital's major shareholders?
Medley Capital's stock is owned by many different of retail and institutional investors. Top institutional shareholders include PVG Asset Management Corp (2.65%), UBS Group AG (0.87%), Guggenheim Capital LLC (0.84%), Ladenburg Thalmann Financial Services Inc. (0.61%), BlackRock Inc. (0.55%) and Legal & General Group Plc (0.36%). Company insiders that own Medley Capital stock include Brook Taube and Seth Taube. View Institutional Ownership Trends for Medley Capital.
Which major investors are selling Medley Capital stock?
MCC stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, PVG Asset Management Corp, Ladenburg Thalmann Financial Services Inc., Guggenheim Capital LLC, Cambridge Investment Research Advisors Inc. and BlackRock Inc.. View Insider Buying and Selling for Medley Capital.
Which major investors are buying Medley Capital stock?
MCC stock was acquired by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Legal & General Group Plc, LPL Financial LLC and Cubist Systematic Strategies LLC. Company insiders that have bought Medley Capital stock in the last two years include Brook Taube and Seth Taube. View Insider Buying and Selling for Medley Capital.
How do I buy shares of Medley Capital?
Shares of MCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Medley Capital's stock price today?
One share of MCC stock can currently be purchased for approximately $3.54.
How big of a company is Medley Capital?
Medley Capital has a market capitalization of $192.84 million and generates $96.26 million in revenue each year. The investment management company earns $-15,070,000.00 in net income (profit) each year or $0.67 on an earnings per share basis.
How can I contact Medley Capital?
Medley Capital's mailing address is 280 PARK AVENUE 6TH FLOOR EAST, NEW YORK NY, 10017. The investment management company can be reached via phone at 212-759-0777 or via email at [email protected]
MarketBeat Community Rating for Medley Capital (MCC)
MarketBeat's community ratings are surveys of what our community members think about Medley Capital and other stocks. Vote "Outperform" if you believe MCC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Medley Capital (NYSE:MCC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Medley Capital in the last 12 months. Their average twelve-month price target is $5.1250, suggesting that the stock has a possible upside of 44.77%. The high price target for MCC is $6.50 and the low price target for MCC is $3.00. There are currently 4 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $5.1250 | $5.6250 | $5.6250 | $7.00 |
| Price Target Upside: | 44.77% upside | 28.42% upside | 28.42% upside | 10.58% upside |
Medley Capital (NYSE:MCC) Consensus Price Target History
Medley Capital (NYSE:MCC) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Medley Capital (NYSE:MCC) Dividend Information
Medley Capital pays an annual dividend of $0.64 per share, with a dividend yield of 18.08%. MCC's next quarterly dividend payment will be made on Thursday, June 21. Medley Capital pays out 95.52% of its earnings out as a dividend.
| Next Dividend: | 6/21/2018 |
| Annual Dividend: | $0.64 |
| Dividend Yield: | 18.08% |
| Dividend Growth: | -22.10% (3 Year Average) |
| Payout Ratio(s): | 95.52% (Trailing 12 Months of Earnings)
145.45% (Based on This Year's Estimates)
152.38% (Based on Next Year's Estimates)
88.05% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Medley Capital (NYSE:MCC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/10/2018 | quarterly | $0.10 | 10.9% | 6/5/2018 | 6/6/2018 | 6/21/2018 |
| 2/7/2018 | quarterly | $0.16 | 14.68% | 2/20/2018 | 2/21/2018 | 3/23/2018 |
| 10/31/2017 | Quarterly | $0.16 | 11.25% | 11/21/2017 | 11/22/2017 | 12/22/2017 |
| 8/9/2017 | Quarterly | $0.16 | 9.8% | 8/21/2017 | 8/23/2017 | 9/22/2017 |
| 5/9/2017 | Quarterly | $0.16 | | 5/22/2017 | 5/24/2017 | 6/23/2017 |
| 2/10/2017 | quarterly | $0.22 | 11% | 2/17/2017 | 2/22/2017 | 3/24/2017 |
| 11/8/2016 | Quarterly | $0.22 | 11.33% | 11/21/2016 | 11/23/2016 | 12/23/2016 |
| 8/10/2016 | quarterly | $0.22 | 11.89% | 8/22/2016 | 8/24/2016 | 9/23/2016 |
| 5/10/2016 | quarterly | $0.30 | 18.26% | 5/23/2016 | 5/25/2016 | 6/24/2016 |
| 2/10/2016 | quarterly | $0.30 | 21.82% | 2/22/2016 | 2/24/2016 | 3/18/2016 |
| 11/6/2015 | quarterly | $0.30 | 15.33% | 11/23/2015 | 11/25/2015 | 12/18/2015 |
| 8/10/2015 | quarterly | $0.30 | 14.23% | 8/17/2015 | 8/19/2015 | 9/11/2015 |
| 5/11/2015 | quarterly | $0.30 | 13% | 5/18/2015 | 5/20/2015 | 6/12/2015 |
| 2/10/2015 | quarterly | $0.30 | 12.73% | 2/23/2015 | 2/25/2015 | 3/13/2015 |
| 11/3/2014 | quarterly | $0.37 | 12.89% | 11/24/2014 | 11/26/2014 | 12/12/2014 |
| 7/31/2014 | quarterly | $0.37 | 11.37% | 8/25/2014 | 8/27/2014 | 9/12/2014 |
| 5/6/2014 | quarterly | $0.37 | 11.92% | 5/23/2014 | 5/28/2014 | 6/13/2014 |
| 2/6/2014 | quarterly | $0.37 | 10.5% | 2/24/2014 | 2/26/2014 | 3/14/2014 |
| 11/1/2013 | quarterly | $0.37 | 10.79% | 11/20/2013 | 11/22/2013 | 12/13/2013 |
| 8/1/2013 | quarterly | $0.37 | 10.5% | 8/21/2013 | 8/23/2013 | 9/13/2013 |
| 5/3/2013 | quarterly | $0.36 | 9.46% | 5/22/2013 | 5/27/2013 | 6/14/2013 |
| 2/7/2013 | quarterly | $0.36 | 9.6% | 2/25/2013 | 2/27/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Medley Capital (NYSE MCC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.70%
Institutional Ownership Percentage: 27.30%
Medley Capital (NYSE MCC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 7/10/2017 | Seth Taube | Director | Buy | 12,109 | $6.40 | $77,497.60 | |  |
| 7/7/2017 | Brook Taube | CEO | Buy | 92,116 | $6.35 | $584,936.60 | | |
| 7/7/2017 | Seth Taube | Director | Buy | 248,097 | $6.37 | $1,580,377.89 | | |
| 7/6/2017 | Brook Taube | CEO | Buy | 105,932 | $6.38 | $675,846.16 | | |
| 7/5/2017 | Brook Taube | CEO | Buy | 50,049 | $6.40 | $320,313.60 | | |
| 7/3/2017 | Seth Taube | Director | Buy | 51,152 | $6.40 | $327,372.80 | | |
| 6/28/2017 | Brook Taube | Director | Buy | 276,593 | $6.36 | $1,759,131.48 | | |
| 6/27/2017 | Brook Taube | Director | Buy | 136,154 | $6.35 | $864,577.90 | | |
| 6/26/2017 | Brook Taube | Director | Buy | 38,287 | $6.39 | $244,653.93 | | |
| 6/23/2017 | Seth Taube | Director | Buy | 425,255 | $6.27 | $2,666,348.85 | | |
| 6/20/2017 | Seth Taube | Director | Buy | 411,636 | $6.35 | $2,613,888.60 | | |
| 6/15/2017 | Seth Taube | Director | Buy | 467,921 | $6.25 | $2,924,506.25 | | |
| 6/12/2017 | Brook Taube | CEO | Buy | 552,146 | $6.15 | $3,395,697.90 | | |
| 6/7/2017 | Brook Taube | CEO | Buy | 584,901 | $6.08 | $3,556,198.08 | | |
| 6/7/2017 | Seth Taube | Director | Buy | 194,967 | $6.09 | $1,187,349.03 | | |
| 6/6/2017 | Seth Taube | Director | Buy | 194,967 | $6.06 | $1,181,500.02 | | |
| 6/5/2017 | Seth Taube | Director | Buy | 194,967 | $6.08 | $1,185,399.36 | | |
| 6/2/2017 | Seth Taube | Director | Buy | 455,356 | $6.13 | $2,791,332.28 | | |
| 5/30/2017 | Brook Taube | CEO | Buy | 436,127 | $6.08 | $2,651,652.16 | | |
| 5/24/2017 | Brook Taube | CEO | Buy | 133,549 | $6.11 | $815,984.39 | | |
| 5/24/2017 | Seth Taube | Director | Buy | 392,025 | $6.13 | $2,403,113.25 | | |
| 5/23/2017 | Brook Taube | CEO | Buy | 124,927 | $6.13 | $765,802.51 | | |
| 5/22/2017 | Brook Taube | CEO | Buy | 133,549 | $6.15 | $821,326.35 | | |
| 5/19/2017 | Seth Taube | Director | Buy | 304,128 | $6.20 | $1,885,593.60 | | |
| 5/16/2017 | Seth Taube | Director | Buy | 230,137 | $6.16 | $1,417,643.92 | | |
| 5/11/2017 | Seth Taube | Director | Buy | 149,607 | $6.40 | $957,484.80 | | |
| 3/17/2017 | Brook Taube | CEO | Buy | 12,060 | $7.50 | $90,450.00 | | |
| 3/15/2017 | Brook Taube | CEO | Buy | 93,323 | $7.50 | $699,922.50 | | |
| 3/9/2017 | Seth Taube | Director | Buy | 117,680 | $7.48 | $880,246.40 | | |
| 2/1/2017 | Brook Taube | CEO | Buy | 106,681 | $7.49 | $799,040.69 | | |
| 2/1/2017 | Seth Taube | Director | Buy | 14,835 | $7.49 | $111,114.15 | | |
| 1/31/2017 | Seth Taube | Director | Buy | 63,937 | $7.48 | $478,248.76 | | |
| 1/30/2017 | Seth Taube | Director | Buy | 27,909 | $7.50 | $209,317.50 | | |
| 1/23/2017 | Seth Taube | Director | Buy | 66,585 | $7.50 | $499,387.50 | | |
| 12/30/2016 | Seth Taube | Director | Buy | 16,077 | $7.45 | $119,773.65 | | |
| 12/29/2016 | Brook Taube | CEO | Buy | 83,750 | $7.45 | $623,937.50 | | |
| 12/20/2016 | Brook Taube | CEO | Buy | 15,136 | $7.49 | $113,368.64 | | |
| 12/20/2016 | Seth Taube | Director | Buy | 96,758 | $7.44 | $719,879.52 | | |
| 12/19/2016 | Brook Taube | CEO | Buy | 81,622 | $7.43 | $606,451.46 | | |
| 12/16/2016 | Brook Taube | CEO | Buy | 289,110 | $7.24 | $2,093,156.40 | | |
| 12/13/2016 | Brook Taube | CEO | Buy | 188,336 | $7.29 | $1,372,969.44 | | |
| 11/8/2016 | Brook Taube | CEO | Buy | 8,037 | $7.58 | $60,920.46 | | |
| 11/8/2016 | Seth Taube | Director | Buy | 18,537 | $7.57 | $140,325.09 | | |
| 11/7/2016 | Brook Taube | CEO | Buy | 10,500 | $7.57 | $79,485.00 | | |
| 11/4/2016 | Seth Taube | Director | Buy | 202,800 | $7.45 | $1,510,860.00 | | |
| 11/1/2016 | Brook Taube | CEO | Buy | 142,110 | $7.56 | $1,074,351.60 | | |
| 10/20/2016 | Brook Taube | CEO | Buy | 11,844 | $7.59 | $89,895.96 | | |
| 10/17/2016 | Brook Taube | CEO | Buy | 4,450 | $7.60 | $33,820.00 | | |
| 10/6/2016 | Seth Taube | Director | Buy | 115,100 | $7.60 | $874,760.00 | | |
| 9/16/2016 | Brook Taube | CEO | Buy | 281,300 | $7.15 | $2,011,295.00 | | |
| 9/13/2016 | Brook Taube | CEO | Buy | 382,300 | $7.25 | $2,771,675.00 | | |
| 9/1/2016 | Brook Taube | CEO | Buy | 20,000 | $7.49 | $149,800.00 | | |
| 8/22/2016 | Brook Taube | CEO | Buy | 100,000 | $7.55 | $755,000.00 | | |
| 8/19/2016 | Seth Taube | Director | Buy | 171,000 | $7.69 | $1,314,990.00 | | |
| 8/16/2016 | Seth Taube | Director | Buy | 239,947 | $7.44 | $1,785,205.68 | | |
| 12/15/2015 | Robert K Lyons | Director | Buy | 2,000 | $7.24 | $14,480.00 | 2,000 | |
| 6/1/2015 | Seth Taube | Director | Buy | 25,000 | $9.41 | $235,250.00 | | |
| 5/29/2015 | Jeffrey B Tonkel | Director | Buy | 5,000 | $9.41 | $47,050.00 | | |
| 5/28/2015 | John D Fredericks | Insider | Buy | 1,000 | $9.29 | $9,290.00 | | |
| 5/28/2015 | Richard T Allorto Jr | CFO | Buy | 5,000 | $9.34 | $46,700.00 | | |
| 12/12/2014 | Brook Taube | CEO | Buy | 25,000 | $8.86 | $221,500.00 | | |
| 12/11/2014 | Jeffrey B Tonkel | Director | Buy | 10,000 | $9.00 | $90,000.00 | | |
| 12/11/2014 | John D Fredericks | Insider | Buy | 3,000 | $8.99 | $26,970.00 | | |
| 5/23/2014 | Brook Taube | CEO | Buy | 3,312 | $12.39 | $41,035.68 | 140,000 | |
| 6/12/2013 | Brook Taube | CEO | Buy | 5,000 | $13.06 | $65,300.00 | | |
| 12/13/2012 | Arthur S Ainsberg | Director | Buy | 3,000 | $13.64 | $40,920.00 | | |
(Data available from 1/1/2013 forward)
Medley Capital (NYSE MCC) News Headlines
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Medley Capital (NYSE:MCC) SEC Filings
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Medley Capital (NYSE:MCC) Income Statement, Balance Sheet and Cash Flow Statement
Medley Capital (NYSE MCC) Stock Chart for Saturday, May, 26, 2018
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