Medley Capital (MCC) Upgraded to Buy at ValuEngine
Medley Capital (NYSE:MCC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other research firms have also issued reports on MCC. Zacks Investment Research lowered Medley Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 price objective on shares of Medley Capital in a research note on Wednesday, August 16th. Jefferies Group reiterated a “hold” rating and set a $6.50 price objective on shares of Medley Capital in a research note on Wednesday, August 16th. Finally, National Securities reiterated a “neutral” rating and set a $6.00 price objective on shares of Medley Capital in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Medley Capital presently has an average rating of “Hold” and an average price target of $7.00.
Shares of Medley Capital (NYSE MCC) opened at $5.76 on Friday. The stock has a market capitalization of $313.77, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital has a one year low of $5.53 and a one year high of $8.05.
Several large investors have recently added to or reduced their stakes in MCC. Airain ltd raised its stake in shares of Medley Capital by 2.7% during the 2nd quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 462 shares during the period. BB&T Securities LLC bought a new stake in shares of Medley Capital during the 2nd quarter valued at $112,000. Macquarie Group Ltd. bought a new stake in shares of Medley Capital during the 3rd quarter valued at $124,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Medley Capital during the 3rd quarter valued at $149,000. Finally, Citadel Advisors LLC bought a new stake in shares of Medley Capital during the 2nd quarter valued at $156,000. Institutional investors own 29.37% of the company’s stock.
Medley Capital 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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