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
Stock Exchange NYSE
Industry N/A
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:MCC
CUSIP58503F10
Phone212-759-0777
Debt
Debt-to-Equity Ratio1.21
Current Ratio11.00
Quick Ratio11.00
Price-To-Earnings
Trailing P/E Ratio5.90
Forward P/E Ratio14.63
P/E GrowthN/A
Sales & Book Value
Annual Sales$96.26 million
Price / Sales2.24
Cash Flow$0.7288 per share
Price / Cash5.42
Book Value$8.45 per share
Price / Book0.47
Profitability
EPS (Most Recent Fiscal Year)$0.67
Net Income$-15,070,000.00
Net Margins-134.96%
Return on Equity5.03%
Return on Assets2.34%
Miscellaneous
EmployeesN/A
Outstanding Shares54,470,000
Market Cap$214.63 million
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 Monday, August 13th. Shareholders of record on Wednesday, September 5th will be paid a dividend of $0.10 per share on Thursday, September 20th. This represents a $0.40 annualized dividend and a yield of 10.13%. The ex-dividend date of this dividend is Tuesday, September 4th. View Medley Capital's Dividend History.
How were Medley Capital's earnings last quarter?
Medley Capital Corp (NYSE:MCC) issued its quarterly earnings data on Thursday, August, 9th. The investment management company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.10 by $0.08. The investment management company had revenue of $13.95 million for the quarter, compared to the consensus estimate of $18.23 million. Medley Capital had a positive return on equity of 5.03% and a negative net margin of 134.96%. View Medley Capital's Earnings History.
When is Medley Capital's next earnings date?
What price target have analysts set for MCC?
3 equities research analysts have issued 12 month target prices for Medley Capital's shares. Their predictions range from $3.00 to $6.00. On average, they anticipate Medley Capital's stock price to reach $4.6667 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price. View Analyst Price Targets for Medley Capital.
What is the consensus analysts' recommendation for Medley Capital?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medley Capital in the last year. There are currently 3 hold ratings 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. " (8/16/2018)
- 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)
Who are some of Medley Capital's key competitors?
Some companies that are related to Medley Capital include Fiera Capital (FSZ), Virtus Investment Partners (VRTS), DREAM Unlimited (DRM), Byline Bancorp (BY), BlackRock TCP Capital (TCPC), Och-Ziff Capital Management Group (OZM), Stock Yards Bancorp (SYBT), Purplebricks Group (PRPPF), Canaccord Genuity Group (CF), German American Bancorp. (GABC), Hanmi Financial (HAFC), Granite Point Mortgage Trust (GPMT), Banco Latinoamericano de Comerci Extr (BLX), TrustCo Bank Corp NY (TRST) and Blackrock Muniyield Insured Fund (MYI).
Who are Medley Capital's key executives?
Medley Capital's management team includes the folowing people:
- Mr. Brook Taube CFA, Chairman, Pres & CEO (Age 48)
- Mr. Richard T. Allorto Jr., Chief Financial Officer and Sec. (Age 46)
- Mr. Dean Christopher Crowe, Managing Director and Head of Investing (Age 56)
- Mr. Elio Espinal, VP and IT Mang.
- Mr. Samuel Anderson, SMD, Head of Capital Markets & Risk Management
Has Medley Capital been receiving favorable news coverage?
Media coverage about MCC stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. 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 news impact score of 0.18 on Accern's scale. They also gave news coverage about the investment management company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Medley Capital.
Who are Medley Capital's major shareholders?
Medley Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include PVG Asset Management Corp (2.01%), Bank of Montreal Can (1.02%), Confluence Investment Management LLC (0.89%), Advisors Asset Management Inc. (0.79%), Advisors Asset Management Inc. (0.79%) and Rational Advisors LLC (0.67%). 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 PVG Asset Management Corp, Rational Advisors LLC, Confluence Investment Management LLC, BlackRock Inc., Bank of Montreal Can, Cambridge Investment Research Advisors Inc., Advisors Asset Management Inc. and Advisors Asset Management 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 Greenwich Investment Management Inc., Highland Capital Management LP and Raymond James & Associates. 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 $3.95.
How big of a company is Medley Capital?
Medley Capital has a market capitalization of $214.63 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 (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.
