Yorktown Management & Research Co Inc acquired a new position in shares of Medley Capital Corporation (NYSE:MCC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 400,248 shares of the investment management company’s stock, valued at approximately $3,054,000.

Several other large investors have also made changes to their positions in MCC. Malaga Cove Capital LLC acquired a new stake in shares of Medley Capital Corporation during the third quarter worth approximately $107,000. IFP Advisors Inc increased its stake in shares of Medley Capital Corporation by 8.3% in the second quarter. IFP Advisors Inc now owns 16,559 shares of the investment management company’s stock worth $111,000 after buying an additional 1,269 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Medley Capital Corporation by 37.6% in the second quarter. PineBridge Investments L.P. now owns 17,227 shares of the investment management company’s stock worth $115,000 after buying an additional 4,711 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Medley Capital Corporation during the second quarter worth approximately $162,000. Finally, Nwam LLC increased its stake in shares of Medley Capital Corporation by 10.1% in the third quarter. Nwam LLC now owns 32,700 shares of the investment management company’s stock worth $250,000 after buying an additional 3,000 shares in the last quarter. 29.30% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Medley Capital Corporation (NYSE:MCC)

Medley Capital Corporation (NYSE:MCC) traded down 1.04% during midday trading on Friday, reaching $7.60. The company’s stock had a trading volume of 220,284 shares. Medley Capital Corporation has a 12 month low of $5.26 and a 12 month high of $8.06. The stock’s 50-day moving average price is $7.58 and its 200-day moving average price is $7.51.

Medley Capital Corporation (NYSE:MCC) last announced its quarterly earnings data on Friday, December 9th. The investment management company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Medley Capital Corporation had a positive return on equity of 9.97% and a negative net margin of 23.16%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts anticipate that Medley Capital Corporation will post $0.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Wednesday, November 23rd were given a dividend of $0.22 per share. The ex-dividend date was Monday, November 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.46%. Medley Capital Corporation’s dividend payout ratio (DPR) is presently -179.59%.

TRADEMARK VIOLATION WARNING: “400,248 Shares in Medley Capital Corporation (MCC) Acquired by Yorktown Management & Research Co Inc” was posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The correct version of this report can be read at http://www.dailypolitical.com/2017/01/13/400248-shares-in-medley-capital-corporation-mcc-acquired-by-yorktown-management-research-co-inc.html.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Medley Capital Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 12th. Jefferies Group reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Medley Capital Corporation in a research report on Tuesday, October 25th. Janney Montgomery Scott downgraded Medley Capital Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $8.50 in a research report on Monday, December 12th. FBR & Co reissued a “hold” rating on shares of Medley Capital Corporation in a research report on Monday, December 12th. Finally, National Securities reissued a “neutral” rating and set a $7.00 price target on shares of Medley Capital Corporation in a research report on Monday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Medley Capital Corporation has a consensus rating of “Hold” and a consensus price target of $7.42.

In other Medley Capital Corporation news, Director Seth Taube bought 16,077 shares of Medley Capital Corporation stock in a transaction dated Friday, December 30th. The stock was bought at an average price of $7.45 per share, for a total transaction of $119,773.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brook Taube bought 11,844 shares of Medley Capital Corporation stock in a transaction dated Thursday, October 20th. The stock was acquired at an average price of $7.59 per share, with a total value of $89,895.96. The disclosure for this purchase can be found here. 8.70% of the stock is owned by insiders.

About Medley Capital Corporation

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.

5 Day Chart for NYSE:MCC

Want to see what other hedge funds are holding MCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Medley Capital Corporation (NYSE:MCC).

Receive News & Ratings for Medley Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.