Medley Capital Corp (NYSE:MCC) CEO Brook Taube acquired 93,323 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $699,922.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, March 17th, Brook Taube acquired 12,060 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $90,450.00.
  • On Wednesday, February 1st, Brook Taube acquired 106,681 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.49 per share, for a total transaction of $799,040.69.
  • On Thursday, December 29th, Brook Taube acquired 83,750 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.45 per share, for a total transaction of $623,937.50.
  • On Tuesday, December 20th, Brook Taube acquired 15,136 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.49 per share, for a total transaction of $113,368.64.
  • On Monday, December 19th, Brook Taube acquired 81,622 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.43 per share, for a total transaction of $606,451.46.
  • On Friday, December 16th, Brook Taube acquired 289,110 shares of Medley Capital Corp stock. The stock was acquired at an average cost of $7.24 per share, for a total transaction of $2,093,156.40.

Medley Capital Corp (NYSE:MCC) opened at 7.61 on Tuesday. The company’s 50 day moving average is $7.64 and its 200-day moving average is $7.62. Medley Capital Corp has a 52-week low of $6.16 and a 52-week high of $8.06.

Medley Capital Corp (NYSE:MCC) last released its earnings results on Thursday, February 9th. The investment management company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. The business earned $26.06 million during the quarter, compared to analysts’ expectations of $25.93 million. Medley Capital Corp had a return on equity of 9.16% and a net margin of 15.63%. The firm’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Analysts anticipate that Medley Capital Corp will post $0.79 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Wednesday, February 22nd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date is Friday, February 17th. Medley Capital Corp’s dividend payout ratio is presently 266.67%.

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MCC has been the topic of a number of recent analyst reports. National Securities reissued a “neutral” rating and set a $7.00 price target on shares of Medley Capital Corp in a research report on Monday, December 12th. Janney Montgomery Scott lowered shares of Medley Capital Corp from a “buy” rating to a “neutral” rating and dropped 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 Corp in a research report on Monday, December 12th. Zacks Investment Research lowered shares of Medley Capital Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 14th. Finally, Jefferies Group LLC set a $8.00 price target on shares of Medley Capital Corp and gave the company a “hold” rating in a research report on Saturday, February 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.90.

Several hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new stake in Medley Capital Corp during the third quarter worth $7,438,000. William Harris Investors Inc. acquired a new stake in Medley Capital Corp during the fourth quarter worth $4,363,000. Putnam Investments LLC increased its stake in Medley Capital Corp by 415.0% in the fourth quarter. Putnam Investments LLC now owns 539,956 shares of the investment management company’s stock worth $4,055,000 after buying an additional 435,100 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Medley Capital Corp during the third quarter worth $3,054,000. Finally, Ares Management LLC increased its stake in Medley Capital Corp by 78.7% in the third quarter. Ares Management LLC now owns 800,345 shares of the investment management company’s stock worth $6,107,000 after buying an additional 352,467 shares in the last quarter. 30.60% of the stock is currently owned by hedge funds and other institutional investors.

About Medley Capital Corp

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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