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 announced a quarterly dividend on Tuesday, May 9th. Investors of record on Wednesday, May 24th will be paid a dividend of $0.16 per share on Friday, June 23rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Monday, May 22nd. View Medley Capital Corporation's Dividend History.

Medley Capital Corporation (NYSE:MCC) released its earnings results on Tuesday, May, 9th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.20 by $0.05. The business had revenue of $24.36 million for the quarter, compared to analysts' expectations of $26.46 million. Medley Capital Corporation had a return on equity of 8.10% and a net margin of 4.60%. The business's revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. View Medley Capital Corporation's Earnings History.

Medley Capital Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, August, 9th 2017. View Earnings Estimates for Medley Capital Corporation.

5 analysts have issued 1-year price targets for Medley Capital Corporation's stock. 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. " (7/18/2017)
• 2. National Securities analysts commented, "• Medley posted NII/share of $0.15 versus consensus estimates of $0.20 and our own estimate of $0.19. The company did not earn an incentive fee during the quarter and we project they will earn very small incentive fees in the third and fourth fiscal quarters of 2017. The quarterly dividend was reduced to $0.16/share from $0.22/share which was steeper (and happened quicker) than our anticipated cut to $0.18/share.
  • MCC continues to struggle with asset quality with non-accruals at cost finishing the quarter at $172.3 million or 16.5% of the portfolio by amortized cost, up Q/Q from $142.1 million or 14.0% of the portfolio by amortized cost. As a result of an under-earned dividend and very poor asset quality NAV/share decreased by 4.7% Q/Q to $8.94.
  • We anticipate the drag from non-accruals and increased focus on first lien exposure will continue to pressure effective yields and NIM (net investment margin) through fiscal 2017 before abating somewhat in fiscal 2018.
  • We expect NAV/share to decrease further in fiscal 2017 before the decline begins to level off in fiscal 2018 as Medley works through the significant credit quality issues in the portfolio, which will likely weigh on economic return.
  • We are revising our fiscal 2017 NII/share estimate to $0.70 from $0.75 and our fiscal 2018 NII/share estimate to $0.67 from $0.80." (5/15/2017)
• 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)

Some companies that are related to Medley Capital Corporation include Invesco California Value Municipal Income Trust (VCV), BlackRock Capital Investment Corporation (BKCC), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), THL Credit (TCRD), Gladstone Investment Corporation (GAIN), Solar Senior Capital (SUNS), Gladstone Capital Corporation (GLAD), Fifth Street Senior Floating Rate Corp. (FSFR), WhiteHorse Finance (WHF), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), Capitala Finance Corp. (CPTA) and TriplePoint Venture Growth BDC Corp. (TPVG).

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

Medley Capital Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (1.08%), Sumitomo Mitsui Asset Management Company LTD (0.96%), Bank of Montreal Can (0.94%), Janney Montgomery Scott LLC (0.72%), Cue Financial Group Inc. (0.39%) and Acadian Asset Management LLC (0.15%). Company insiders that own Medley Capital Corporation stock include Brook Taube, Robert K Lyons and Seth Taube. View Institutional Ownership Trends for Medley Capital Corporation.

Medley Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Janney Montgomery Scott LLC. View Insider Buying and Selling for Medley Capital Corporation.

Medley Capital Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Aperio Group LLC, Acadian Asset Management LLC, Malaga Cove Capital LLC and Cue Financial Group Inc.. Company insiders that have bought Medley Capital Corporation stock in the last two years include Brook Taube, Robert K Lyons and Seth Taube. View Insider Buying and Selling for Medley Capital Corporation.

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 $6.40.