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.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/12/05/medley-capital-mcc-releases-quarterly-earnings-results.html.

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.

See Also: What Factors Can Affect Return on Equity?

Earnings History for Medley Capital (NYSE:MCC)

Receive News & Ratings for Medley Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply