Insider Selling: Medley Capital Corp (NYSE:MCC) Major Shareholder Sells $29,913.40 in Stock

Medley Capital Corp (NYSE:MCC) major shareholder Fortress Investment Group Llc sold 13,597 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $2.20, for a total value of $29,913.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fortress Investment Group Llc also recently made the following trade(s):

  • On Wednesday, January 8th, Fortress Investment Group Llc sold 20,500 shares of Medley Capital stock. The stock was sold at an average price of $2.20, for a total value of $45,100.00.
  • On Monday, January 6th, Fortress Investment Group Llc sold 20,271 shares of Medley Capital stock. The stock was sold at an average price of $2.15, for a total value of $43,582.65.
  • On Thursday, January 2nd, Fortress Investment Group Llc sold 2,696 shares of Medley Capital stock. The stock was sold at an average price of $2.20, for a total value of $5,931.20.
  • On Wednesday, December 18th, Fortress Investment Group Llc sold 67,193 shares of Medley Capital stock. The stock was sold at an average price of $2.11, for a total value of $141,777.23.
  • On Monday, December 16th, Fortress Investment Group Llc sold 67,162 shares of Medley Capital stock. The stock was sold at an average price of $2.13, for a total value of $143,055.06.
  • On Thursday, December 12th, Fortress Investment Group Llc sold 7,991 shares of Medley Capital stock. The shares were sold at an average price of $2.14, for a total value of $17,100.74.
  • On Monday, December 9th, Fortress Investment Group Llc sold 19,721 shares of Medley Capital stock. The shares were sold at an average price of $2.25, for a total value of $44,372.25.
  • On Wednesday, December 4th, Fortress Investment Group Llc sold 2,300 shares of Medley Capital stock. The shares were sold at an average price of $2.22, for a total value of $5,106.00.
  • On Monday, December 2nd, Fortress Investment Group Llc sold 100,000 shares of Medley Capital stock. The shares were sold at an average price of $2.16, for a total value of $216,000.00.
  • On Tuesday, November 26th, Fortress Investment Group Llc sold 75,936 shares of Medley Capital stock. The shares were sold at an average price of $2.09, for a total value of $158,706.24.

Shares of Medley Capital stock opened at $2.19 on Friday. The stock’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.37. The company has a market capitalization of $120.93 million, a PE ratio of -5.76 and a beta of 1.27. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 1.16. Medley Capital Corp has a 52 week low of $1.86 and a 52 week high of $3.72.

Medley Capital (NYSE:MCC) last announced its quarterly earnings data on Monday, December 16th. The investment management company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.08). The business had revenue of $8.12 million during the quarter, compared to the consensus estimate of $9.68 million. Medley Capital had a negative net margin of 208.59% and a negative return on equity of 1.69%. As a group, research analysts anticipate that Medley Capital Corp will post -0.46 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a $0.053 dividend. The ex-dividend date of this dividend was Friday, December 27th. Medley Capital’s dividend payout ratio (DPR) is presently -55.26%.

Institutional investors and hedge funds have recently bought and sold shares of the company. BancorpSouth Bank bought a new position in shares of Medley Capital during the 3rd quarter worth $800,000. Morgan Stanley grew its position in shares of Medley Capital by 15.0% during the 2nd quarter. Morgan Stanley now owns 753,626 shares of the investment management company’s stock worth $1,764,000 after buying an additional 98,032 shares in the last quarter. Loukas Stephen bought a new position in shares of Medley Capital during the 2nd quarter worth $98,000. Welch Group LLC bought a new position in shares of Medley Capital during the 3rd quarter worth $177,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Medley Capital during the 2nd quarter worth $117,000. 26.54% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded Medley Capital from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Wednesday, November 6th.

About Medley Capital

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.

Further Reading: Sell-Side Analysts

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

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