Brokerages expect Medley Capital Corporation (NYSE:MCC) to announce $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Medley Capital Corporation’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Medley Capital Corporation reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 34.8%. The company is expected to report its next quarterly earnings report on Thursday, December 14th.

According to Zacks, analysts expect that Medley Capital Corporation will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.68. For the next year, analysts forecast that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Medley Capital Corporation.

Medley Capital Corporation (NYSE:MCC) last announced its earnings results on Wednesday, August 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Medley Capital Corporation had a negative net margin of 6.07% and a positive return on equity of 8.04%. The business had revenue of $23.70 million during the quarter, compared to analyst estimates of $24.67 million. During the same period in the previous year, the business posted $0.20 earnings per share.

A number of brokerages have issued reports on MCC. Jefferies Group LLC reaffirmed a “hold” rating and set a $6.50 price objective on shares of Medley Capital Corporation in a report on Wednesday, August 16th. National Securities reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Medley Capital Corporation in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 price objective on shares of Medley Capital Corporation in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Medley Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine raised shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Medley Capital Corporation has a consensus rating of “Hold” and a consensus price target of $7.00.

In other news, CEO Brook Taube bought 92,116 shares of the stock in a transaction dated Friday, July 7th. The stock was purchased at an average cost of $6.35 per share, for a total transaction of $584,936.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Seth Taube bought 51,152 shares of the stock in a transaction dated Monday, July 3rd. The shares were purchased at an average price of $6.40 per share, with a total value of $327,372.80. The disclosure for this purchase can be found here. Insiders have bought a total of 972,202 shares of company stock valued at $6,190,054 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MCC. Nationwide Fund Advisors boosted its position in shares of Medley Capital Corporation by 26.8% during the 1st quarter. Nationwide Fund Advisors now owns 108,194 shares of the investment management company’s stock valued at $832,000 after acquiring an additional 22,894 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Medley Capital Corporation by 15.3% during the 1st quarter. Wells Fargo & Company MN now owns 769,123 shares of the investment management company’s stock valued at $5,914,000 after acquiring an additional 101,906 shares during the last quarter. Oxford Asset Management bought a new position in shares of Medley Capital Corporation during the 1st quarter valued at approximately $485,000. Private Advisor Group LLC boosted its position in shares of Medley Capital Corporation by 38.5% during the 1st quarter. Private Advisor Group LLC now owns 19,480 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Medley Capital Corporation by 153.3% during the 1st quarter. Stifel Financial Corp now owns 27,840 shares of the investment management company’s stock valued at $214,000 after acquiring an additional 16,850 shares during the last quarter. Hedge funds and other institutional investors own 29.55% of the company’s stock.

WARNING: “Brokerages Anticipate Medley Capital Corporation (MCC) to Announce $0.15 Earnings Per Share” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/25/brokerages-anticipate-medley-capital-corporation-mcc-to-announce-0-15-earnings-per-share.html.

Shares of Medley Capital Corporation (NYSE:MCC) traded up 0.256% during midday trading on Friday, reaching $5.865. 87,815 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $6.15 and its 200 day moving average price is $6.69. Medley Capital Corporation has a one year low of $5.75 and a one year high of $8.06.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.94%. Medley Capital Corporation’s dividend payout ratio is currently -640.00%.

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.

Get a free copy of the Zacks research report on Medley Capital Corporation (MCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.