Medley Capital Corporation (MCC) to Release Earnings on Wednesday
Medley Capital Corporation (NYSE:MCC) is scheduled to issue its Q3 2017 quarterly earnings data before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Medley Capital Corporation (NYSE:MCC) last issued its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $24.36 million during the quarter, compared to analyst estimates of $26.46 million. Medley Capital Corporation had a net margin of 4.60% and a return on equity of 8.10%. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. On average, analysts expect Medley Capital Corporation to post $0.71 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Shares of Medley Capital Corporation (NYSE MCC) opened at 6.26 on Tuesday. The stock’s 50 day moving average price is $6.39 and its 200 day moving average price is $7.06. Medley Capital Corporation has a 12-month low of $5.95 and a 12-month high of $8.06.
Several brokerages have issued reports on MCC. Keefe, Bruyette & Woods set a $9.00 target price on Medley Capital Corporation and gave the company a “buy” rating in a research note on Monday, April 17th. National Securities reduced their price target on Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Zacks Investment Research upgraded Medley Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $6.50 price target on shares of Medley Capital Corporation in a research report on Friday, July 14th. Finally, BidaskClub cut Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Medley Capital Corporation currently has a consensus rating of “Hold” and a consensus target price of $7.00.
In other news, CEO Brook Taube acquired 436,127 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of $6.08 per share, for a total transaction of $2,651,652.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Seth Taube acquired 149,607 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was purchased at an average price of $6.40 per share, with a total value of $957,484.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 6,396,654 shares of company stock valued at $39,655,529. 8.70% of the stock is owned by company insiders.
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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.
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