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 given a dividend of $0.16 per share on Friday, September 22nd. This represents a $0.64 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend is Monday, August 21st. View Medley Capital Corporation's Dividend History.

Medley Capital Corporation (NYSE:MCC) released its earnings results on Wednesday, August, 9th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $23.70 million for the quarter, compared to analysts' expectations of $24.67 million. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. During the same period in the prior year, the company posted $0.20 earnings per share. View Medley Capital Corporation's Earnings History.

Medley Capital Corporation is scheduled to release their next quarterly earnings announcement on Thursday, December, 14th 2017. View Earnings Estimates for Medley Capital Corporation.

5 brokers have issued 12-month target prices for Medley Capital Corporation's shares. Their predictions range from $6.00 to $8.50. On average, they expect Medley Capital Corporation's share price to reach $7.00 in the next year. View Analyst Ratings for Medley Capital Corporation.

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

• 1. 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)
• 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. " (8/10/2017)
• 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 Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), Foresight Solar Fund Ltd (FSFL), PennantPark Floating Rate Capital (PFLT), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), THL Credit (TCRD), Gladstone Investment Corporation (GAIN), WhiteHorse Finance (WHF), Solar Senior Capital (SUNS), Gladstone Capital Corporation (GLAD), Fifth Street Senior Floating Rate Corp. (FSFR), TriplePoint Venture Growth BDC Corp. (TPVG), Invesco Bond Fund (VBF) and Stellus Capital Investment Corporation (SCM).

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 American Financial Group Inc. (0.00%), Ares Management LLC (1.77%), Confluence Investment Management LLC (1.08%), Sumitomo Mitsui Asset Management Company LTD (0.96%), Wells Fargo & Company MN (0.94%) and Bank of Montreal Can (0.94%). 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 Muzinich & Co. Inc., Wells Fargo & Company MN, PVG Asset Management Corp, Shikiar Asset Management Inc., Bank of Montreal Can, Janney Montgomery Scott LLC, Eagle Global Advisors LLC and Selway Asset Management. View Insider Buying and Selling for Medley Capital Corporation.

Medley Capital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Arete Wealth Advisors LLC, Advisors Asset Management Inc., JPMorgan Chase & Co., Royal Bank of Canada, Goldman Sachs Group Inc., Crescent Grove Advisors LLC and Aperio Group LLC. 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 $6.33.