Brokers Offer Predictions for Medley Capital Corp’s Q2 2018 Earnings (MCC)
Medley Capital Corp (NYSE:MCC) – Jefferies Group dropped their Q2 2018 EPS estimates for Medley Capital in a report released on Tuesday. Jefferies Group analyst K. Joseph now forecasts that the investment management company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.16. Jefferies Group also issued estimates for Medley Capital’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.53 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.57 EPS.
A number of other research analysts have also recently issued reports on the stock. Barclays lowered their price target on shares of Medley Capital from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday. National Securities lowered their price target on shares of Medley Capital from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday. ValuEngine cut shares of Medley Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Medley Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods set a $6.00 price target on shares of Medley Capital and gave the company a “hold” rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.63.
Medley Capital (NYSE:MCC) last issued its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Medley Capital had a negative net margin of 58.73% and a positive return on equity of 7.23%. The business had revenue of $20.63 million for the quarter, compared to analysts’ expectations of $22.19 million. During the same period last year, the business earned $0.19 earnings per share. The company’s revenue was down 20.8% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in Medley Capital during the 3rd quarter valued at about $124,000. Alpine Woods Capital Investors LLC bought a new stake in Medley Capital during the 3rd quarter valued at about $149,000. Citadel Advisors LLC bought a new stake in Medley Capital during the 2nd quarter valued at about $156,000. Cubist Systematic Strategies LLC bought a new stake in Medley Capital during the 2nd quarter valued at about $158,000. Finally, Stevens Capital Management LP bought a new stake in Medley Capital during the 3rd quarter valued at about $170,000. Institutional investors and hedge funds own 28.55% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.64 dividend on an annualized basis and a yield of 15.31%. Medley Capital’s dividend payout ratio is currently -65.98%.
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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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