Somewhat Favorable News Coverage Extremely Likely to Impact Medley Capital Corp (MCC) Share Price
News articles about Medley Capital Corp (NYSE:MCC) have been trending somewhat positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Medley Capital Corp earned a coverage optimism score of 0.10 on Alpha One’s scale. Alpha One also assigned headlines about the investment management company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Medley Management Inc. Schedules Earnings Release Date and Webcast for the Quarter Ended March 31, 2017 (finance.yahoo.com)
- Medley Capital Corp (MCC) PT Set at $9.00 by Keefe, Bruyette & Woods (americanbankingnews.com)
- Medley Capital Corp (MCC) Given Media Sentiment Rating of 0.31 (americanbankingnews.com)
- Medley Capital Corp (MCC) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- Sierra Income Corporation : Announces Q2 2017 Distributions (4-traders.com)
Medley Capital Corp (NYSE:MCC) traded up 0.3161% during trading on Tuesday, hitting $7.7745. The stock had a trading volume of 87,542 shares. Medley Capital Corp has a 12-month low of $6.16 and a 12-month high of $8.06. The company has a market cap of $423.51 million, a P/E ratio of 24.2953 and a beta of 1.11. The company has a 50 day moving average of $7.59 and a 200-day moving average of $7.64.
Medley Capital Corp (NYSE:MCC) last posted its quarterly earnings data on Thursday, February 9th. The investment management company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. Medley Capital Corp had a return on equity of 9.16% and a net margin of 15.63%. The firm earned $26.06 million during the quarter, compared to the consensus estimate of $25.93 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 24.3% on a year-over-year basis. On average, equities analysts predict that Medley Capital Corp will post $0.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Wednesday, February 22nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend was Friday, February 17th. Medley Capital Corp’s dividend payout ratio (DPR) is presently 266.67%.
A number of brokerages have issued reports on MCC. Keefe, Bruyette & Woods set a $9.00 price target on Medley Capital Corp and gave the stock a “buy” rating in a research note on Monday. Jefferies Group LLC set a $8.00 price target on Medley Capital Corp and gave the stock a “hold” rating in a research note on Saturday, February 11th. Zacks Investment Research lowered Medley Capital Corp from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Finally, National Securities reissued a “neutral” rating and issued a $7.00 price target on shares of Medley Capital Corp in a research note on Friday, February 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.90.
In related news, CEO Brook Taube bought 93,323 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average cost of $7.50 per share, with a total value of $699,922.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Seth Taube bought 66,585 shares of the business’s stock in a transaction dated Monday, January 23rd. The shares were bought at an average cost of $7.50 per share, for a total transaction of $499,387.50. The disclosure for this purchase can be found here. Insiders have bought 503,010 shares of company stock worth $3,767,728 over the last ninety days. 8.70% of the stock is owned by insiders.
Medley Capital Corp 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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