Medley Capital Corp (MCC) CEO Brook Taube Purchases 12,060 Shares

Medley Capital Corp (NYSE:MCC) CEO Brook Taube acquired 12,060 shares of Medley Capital Corp stock in a transaction that occurred on Friday, March 17th. The shares were purchased at an average price of $7.50 per share, for a total transaction of $90,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Brook Taube also recently made the following trade(s):

  • On Wednesday, March 15th, Brook Taube acquired 93,323 shares of Medley Capital Corp stock. The shares were purchased at an average price of $7.50 per share, for a total transaction of $699,922.50.
  • On Wednesday, February 1st, Brook Taube acquired 106,681 shares of Medley Capital Corp stock. The shares were purchased at an average price of $7.49 per share, for a total transaction of $799,040.69.
  • On Thursday, December 29th, Brook Taube acquired 83,750 shares of Medley Capital Corp stock. The shares were purchased at an average price of $7.45 per share, for a total transaction of $623,937.50.
  • On Tuesday, December 20th, Brook Taube acquired 15,136 shares of Medley Capital Corp stock. The shares were purchased at an average price of $7.49 per share, for a total transaction of $113,368.64.

Medley Capital Corp (NYSE:MCC) traded down 0.39% during midday trading on Monday, reaching $7.61. The company’s stock had a trading volume of 206,154 shares. Medley Capital Corp has a 1-year low of $6.16 and a 1-year high of $8.06. The firm has a 50 day moving average price of $7.64 and a 200 day moving average price of $7.62.

Medley Capital Corp (NYSE:MCC) last issued its quarterly earnings results on Thursday, February 9th. The investment management company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business earned $26.06 million during the quarter, compared to the consensus estimate of $25.93 million. Medley Capital Corp had a return on equity of 9.16% and a net margin of 15.63%. The business’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities research analysts forecast that Medley Capital Corp will post $0.79 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Medley Capital Corp (NYSE:MCC)

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, February 22nd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 11.56%. The ex-dividend date of this dividend is Friday, February 17th. Medley Capital Corp’s dividend payout ratio is currently 266.67%.

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Several equities analysts recently issued reports on MCC shares. Keefe, Bruyette & Woods set a $9.00 price objective on Medley Capital Corp and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Medley Capital Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 15th. Jefferies Group LLC set a $8.00 price objective on Medley Capital Corp and gave the stock a “hold” rating in a research note on Saturday, February 11th. FBR & Co restated a “hold” rating on shares of Medley Capital Corp in a research note on Monday, December 12th. Finally, National Securities restated a “neutral” rating and set a $7.00 price objective on shares of Medley Capital Corp in a research note on Friday, February 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.90.

A number of hedge funds and other institutional investors have recently modified their holdings of MCC. Acrospire Investment Management LLC increased its position in shares of Medley Capital Corp by 52.6% in the third quarter. Acrospire Investment Management LLC now owns 13,930 shares of the investment management company’s stock valued at $106,000 after buying an additional 4,800 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Medley Capital Corp during the third quarter valued at approximately $107,000. GAM Holding AG acquired a new position in shares of Medley Capital Corp during the third quarter valued at approximately $120,000. Boothbay Fund Management LLC increased its position in shares of Medley Capital Corp by 57.3% in the fourth quarter. Boothbay Fund Management LLC now owns 18,945 shares of the investment management company’s stock valued at $142,000 after buying an additional 6,901 shares in the last quarter. Finally, Nwam LLC increased its position in shares of Medley Capital Corp by 10.1% in the third quarter. Nwam LLC now owns 32,700 shares of the investment management company’s stock valued at $250,000 after buying an additional 3,000 shares in the last quarter. 30.60% of the stock is currently owned by institutional investors.

Medley Capital Corp 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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