Medley Capital Corporation (MCC) CEO Brook Taube Purchases 124,927 Shares

Medley Capital Corporation (NYSE:MCC) CEO Brook Taube bought 124,927 shares of Medley Capital Corporation stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of $6.13 per share, with a total value of $765,802.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brook Taube also recently made the following trade(s):

  • On Monday, June 12th, Brook Taube bought 552,146 shares of Medley Capital Corporation stock. The stock was purchased at an average price of $6.15 per share, with a total value of $3,395,697.90.
  • On Wednesday, June 7th, Brook Taube bought 584,901 shares of Medley Capital Corporation stock. The stock was purchased at an average price of $6.08 per share, with a total value of $3,556,198.08.
  • On Tuesday, May 30th, Brook Taube acquired 436,127 shares of Medley Capital Corporation stock. The shares were bought at an average price of $6.08 per share, with a total value of $2,651,652.16.
  • On Wednesday, May 24th, Brook Taube acquired 133,549 shares of Medley Capital Corporation stock. The shares were bought at an average price of $6.11 per share, with a total value of $815,984.39.
  • On Monday, May 22nd, Brook Taube acquired 133,549 shares of Medley Capital Corporation stock. The shares were bought at an average price of $6.15 per share, with a total value of $821,326.35.
  • On Friday, March 17th, Brook Taube acquired 12,060 shares of Medley Capital Corporation stock. The shares were bought at an average price of $7.50 per share, with a total value of $90,450.00.
  • On Wednesday, March 15th, Brook Taube acquired 93,323 shares of Medley Capital Corporation stock. The shares were bought at an average price of $7.50 per share, with a total value of $699,922.50.

Medley Capital Corporation (MCC) opened at 6.38 on Friday. The stock has a market cap of $347.54 million, a price-to-earnings ratio of 71.69 and a beta of 1.25. The company has a 50 day moving average price of $6.45 and a 200 day moving average price of $7.32. Medley Capital Corporation has a 52 week low of $5.95 and a 52 week high of $8.06.

Medley Capital Corporation (NYSE:MCC) last posted its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. The firm 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 company’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. Analysts expect that Medley Capital Corporation will post $0.72 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Medley Capital Corporation (NYSE:MCC)

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, May 24th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $0.64 annualized dividend and a yield of 10.03%. Medley Capital Corporation’s dividend payout ratio is currently 640.06%.

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MCC has been the subject of a number of recent research reports. National Securities reiterated a “neutral” rating and set a $7.00 price objective on shares of Medley Capital Corporation in a research note on Friday, February 17th. Keefe, Bruyette & Woods set a $9.00 price objective on Medley Capital Corporation and gave the company a “buy” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research lowered Medley Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Medley Capital Corporation has an average rating of “Hold” and an average target price of $7.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Medley Capital Corporation by 175.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 289,859 shares of the investment management company’s stock valued at $2,177,000 after buying an additional 184,669 shares in the last quarter. Guggenheim Capital LLC boosted its position in Medley Capital Corporation by 18.4% in the fourth quarter. Guggenheim Capital LLC now owns 497,134 shares of the investment management company’s stock valued at $3,733,000 after buying an additional 77,285 shares in the last quarter. Two Sigma Investments LP boosted its position in Medley Capital Corporation by 158.5% in the fourth quarter. Two Sigma Investments LP now owns 440,453 shares of the investment management company’s stock valued at $3,308,000 after buying an additional 270,094 shares in the last quarter. Advisory Research Inc. boosted its position in Medley Capital Corporation by 137.8% in the fourth quarter. Advisory Research Inc. now owns 233,977 shares of the investment management company’s stock valued at $1,757,000 after buying an additional 135,588 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Medley Capital Corporation during the fourth quarter valued at about $320,000. 38.57% of the stock is owned by hedge funds and other institutional investors.

Medley Capital Corporation Company Profile

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.

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