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%.
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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