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. The fund seeks to invest in companies located in North America. The fund targets private debt transactions in companies with enterprise values or asset values between $25 million and $250 million. The fund seeks to invest in companies with debt investment values between $10 million and $50 million. It exits its investments between three years and seven years; it holds most of its investments to maturity or repayment, but may realize or sell some investments earlier. The fund may take a board seat on its investee companies and can also offer managerial assistance to certain portfolio companies. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The fund may co-invest in privately negotiated transactions under certain conditions.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-759-0777
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$66.82 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable
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 Sunday, February 10th. Stockholders of record on Friday, February 22nd will be given a dividend of $0.05 per share on Tuesday, March 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, February 21st. View Medley Capital's Dividend History.
How were Medley Capital's earnings last quarter?
Medley Capital Corp (NYSE:MCC) released its quarterly earnings results on Monday, February, 11th. The investment management company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The investment management company had revenue of $14.20 million for the quarter, compared to analysts' expectations of $15.29 million. Medley Capital had a negative net margin of 147.47% and a positive return on equity of 2.32%. View Medley Capital's Earnings History.
When is Medley Capital's next earnings date?
What price target have analysts set for MCC?
1 analysts have issued 1 year price targets for Medley Capital's shares. Their predictions range from $3.00 to $3.00. On average, they anticipate Medley Capital's share price to reach $3.00 in the next twelve months. This suggests that the stock has a possible downside of 9.9%. View Analyst Price Targets for Medley Capital.
What is the consensus analysts' recommendation for Medley Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medley Capital in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." 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. 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. " (2/6/2019)
- 2. National Securities analysts commented, " MCC earned $0.02/share of NII, drastically below our estimate of $0.13 and the dividend of $0.10. The company still declared a $0.10/share dividend going forward, although we do not expect that earnings would be above $0.05/share if MCC were to remain a standalone entity.
NAV/share was down to $6.43 from $7.02 Q/Q. Management noted on the call that legacy assets were 10.9% of the portfolio at 6/30/18, down from 20% the quarter prior and that of the legacy assets remaining the 6.1% rated 4 or 5 are marked at 29% of par. However, given the underwriting history of the company we don’t really take solace in this.
The fact remains that this vehicle has had disastrous credit history with non-accruals at almost a fourth of the portfolio in one of the most benign credit markets ever. We are unsure of what could potentially take another leg down next quarter and we think the market will likely agree with us and convey its agreement in a discount.
The big announcement in the quarter was that MCC will be merged with its parent company, Medley Management (NYSE: MDLY – NR - $5.35) and Sierra Income Corporation. Sierra is public but nontraded and is set to acquire MCC and MDLY simultaneously.
The new vehicle will be internally managed and will be over $5.0 billion of assets with $2.0 billion being internally managed. MDLY also runs separately managed accounts and other permanent capital vehicles.
Theoretically this should improve the valuation of the franchise but we note that shareholders will still be part of the same platform that brought them MCC and everything that has come with it.
We are continuing to value MCC as a standalone entity until the proxy is filed within a few weeks. Upon filing of the proxy, when we have all the information needed, we will model out the three-party merger and assess the value creation potential of the transaction. We are revising our fiscal 2018 NII/share estimate to $0.24 from $0.35 and our fiscal 2019 NII/share estimate to $0.18 from $0.31 and maintaining our NEUTRAL rating and $3 price target." (8/15/2018)
Has Medley Capital been receiving favorable news coverage?
Media coverage about MCC stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Medley Capital earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave news articles about the investment management company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are some of Medley Capital's key competitors?
Some companies that are related to Medley Capital include VGI Partners Global Investments (VG1), Live Oak Bancshares (LOB), Preferred Bank (PFBC), Horizon Bancorp (HBNC), Invesco Value Municipal Income Trust (IIM), Veritex (VBTX), Peoples Bancorp (PEBO), Blue Hills Bancorp (BHBK), istar (STAR), Bridge Bancorp (BDGE), Urstadt Biddle Properties (UBP), Tristate Capital (TSC), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Innovative Industrial Properties (IIPR) and Select Income REIT (SIR).
What other stocks do shareholders of Medley Capital own?
Who are Medley Capital's key executives?
Medley Capital's management team includes the folowing people:
- Mr. Brook Taube CFA, Chairman, Pres & CEO (Age 49)
- Mr. Richard T. Allorto Jr., CFO & Sec. (Age 47)
- Mr. Dean Christopher Crowe, Managing Director and Head of Investing (Age 57)
- Mr. Elio Espinal, VP and IT Mang.
- Mr. Samuel Anderson, SMD, Head of Capital Markets & Risk Management
Who are Medley Capital's major shareholders?
Medley Capital's stock is owned by a number of of retail and institutional investors. Top institutional investors include FrontFour Capital Group LLC (3.68%), Moab Capital Partners LLC (2.99%), Confluence Investment Management LLC (0.86%), Advisors Asset Management Inc. (0.63%), Greenwich Investment Management Inc. (0.47%) and BlackRock Inc. (0.46%). Company insiders that own Medley Capital stock include Brook Taube and Seth Taube. View Institutional Ownership Trends for Medley Capital.
Which institutional investors are selling Medley Capital stock?
MCC stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Nuveen Fund Advisors LLC, Confluence Investment Management LLC, BlackRock Inc., Raymond James & Associates, Stifel Financial Corp, WealthPLAN Partners LLC and Two Sigma Advisers LP. View Insider Buying and Selling for Medley Capital.
Which institutional investors are buying Medley Capital stock?
MCC stock was bought by a variety of institutional investors in the last quarter, including FrontFour Capital Group LLC, PFG Advisors, PFG Advisors, HRT Financial LLC, Moab Capital Partners LLC, Bank of America Corp DE, Legal & General Group Plc and Lorber David A. 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 $3.33.
How big of a company is Medley Capital?
Medley Capital has a market capitalization of $181.39 million and generates $66.82 million in revenue each year. The investment management company earns $-110,920,000.00 in net income (profit) each year or $0.23 on an earnings per share basis.
What is Medley Capital's official website?
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 (NYSE 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.
