Medley Capital (MCC) Releases Quarterly Earnings Results

Medley Capital (NYSE:MCC) announced its quarterly earnings results on Tuesday. The investment management company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07), Bloomberg Earnings reports. Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%.

Shares of NYSE MCC opened at $3.32 on Wednesday. The company has a market capitalization of $189.57 million, a P/E ratio of 4.96 and a beta of 1.03. Medley Capital has a 52-week low of $3.29 and a 52-week high of $5.79. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 1.21.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Wednesday, December 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.05%. Medley Capital’s payout ratio is 59.70%.

A number of analysts recently issued reports on the company. National Securities reiterated a “neutral” rating and issued a $3.00 price target on shares of Medley Capital in a report on Wednesday, August 15th. Zacks Investment Research lowered Medley Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Five research analysts have rated the stock with a hold rating, Medley Capital currently has a consensus rating of “Hold” and an average price target of $4.67.

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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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Earnings History for Medley Capital (NYSE:MCC)

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