Medley Capital Corporation (MCC) Given Coverage Optimism Score of 0.11

News headlines about Medley Capital Corporation (NYSE:MCC) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Medley Capital Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 44.9303110380782 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s analysis:

Medley Capital Corporation (NYSE:MCC) opened at 6.44 on Thursday. The stock has a 50 day moving average of $6.31 and a 200-day moving average of $7.15. Medley Capital Corporation has a one year low of $5.95 and a one year high of $8.06.

Medley Capital Corporation (NYSE:MCC) last announced its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.05. Medley Capital Corporation had a return on equity of 8.10% and a net margin of 4.60%. The business had revenue of $24.36 million during the quarter, compared to the consensus estimate of $26.46 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. Analysts anticipate that Medley Capital Corporation will post $0.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Wednesday, May 24th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend was Monday, May 22nd. Medley Capital Corporation’s dividend payout ratio is presently 640.06%.

A number of analysts recently weighed in on MCC shares. Zacks Investment Research lowered shares of Medley Capital Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Keefe, Bruyette & Woods set a $9.00 target price on shares of Medley Capital Corporation and gave the stock a “buy” rating in a report on Monday, April 17th. National Securities decreased their target price on shares of Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $6.50 target price on shares of Medley Capital Corporation in a report on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

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In other news, CEO Brook Taube acquired 133,549 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were acquired at an average price of $6.15 per share, for a total transaction of $821,326.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Seth Taube acquired 230,137 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $6.16 per share, for a total transaction of $1,417,643.92. The disclosure for this purchase can be found here. Insiders purchased 6,396,654 shares of company stock worth $39,655,529 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

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.

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

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