Medley Capital Corp (MCC) Expected to Announce Earnings of $0.01 Per Share

Equities analysts forecast that Medley Capital Corp (NYSE:MCC) will report earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Medley Capital’s earnings. Medley Capital reported earnings per share of $0.07 during the same quarter last year, which indicates a negative year over year growth rate of 85.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Medley Capital will report full year earnings of ($0.14) per share for the current year. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Medley Capital.

Medley Capital (NYSE:MCC) last announced its quarterly earnings results on Monday, February 11th. The investment management company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $14.20 million during the quarter, compared to analysts’ expectations of $15.29 million. Medley Capital had a negative net margin of 147.47% and a positive return on equity of 2.32%.

Separately, Zacks Investment Research upgraded Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 6th.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in Medley Capital by 33.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,951 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 6,195 shares during the last quarter. Lorber David A lifted its holdings in Medley Capital by 28.6% during the 4th quarter. Lorber David A now owns 41,510 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 9,241 shares during the last quarter. Bank of America Corp DE lifted its holdings in Medley Capital by 345.7% during the 4th quarter. Bank of America Corp DE now owns 69,542 shares of the investment management company’s stock valued at $185,000 after purchasing an additional 53,940 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Medley Capital by 118.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,902 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 32,539 shares during the last quarter. Finally, HRT Financial LLC bought a new position in shares of Medley Capital in the fourth quarter valued at approximately $237,000. 25.77% of the stock is owned by institutional investors.

Shares of Medley Capital stock traded down $0.09 during midday trading on Friday, hitting $3.11. 139,827 shares of the company were exchanged, compared to its average volume of 111,767. The company has a debt-to-equity ratio of 1.30, a current ratio of 6.19 and a quick ratio of 6.19. The company has a market capitalization of $174.32 million, a PE ratio of 13.52 and a beta of 1.45. Medley Capital has a 52 week low of $2.59 and a 52 week high of $4.38.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.43%. Medley Capital’s payout ratio is presently 86.96%.

About Medley Capital

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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