Insider Selling: Medley Capital Corp (NYSE:MCC) Major Shareholder Sells 20,830 Shares of Stock

Medley Capital Corp (NYSE:MCC) major shareholder Fortress Investment Group Llc sold 20,830 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.00, for a total transaction of $41,660.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Fortress Investment Group Llc also recently made the following trade(s):

  • On Friday, November 22nd, Fortress Investment Group Llc sold 5,100 shares of Medley Capital stock. The stock was sold at an average price of $2.05, for a total transaction of $10,455.00.
  • On Monday, November 18th, Fortress Investment Group Llc sold 3,136 shares of Medley Capital stock. The stock was sold at an average price of $1.99, for a total transaction of $6,240.64.
  • On Friday, November 8th, Fortress Investment Group Llc sold 600 shares of Medley Capital stock. The stock was sold at an average price of $2.04, for a total transaction of $1,224.00.

Shares of NYSE MCC traded up $0.03 during mid-day trading on Friday, hitting $2.05. 92,460 shares of the company were exchanged, compared to its average volume of 246,610. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.53. Medley Capital Corp has a 1-year low of $1.86 and a 1-year high of $3.72. The firm has a market cap of $111.66 million, a price-to-earnings ratio of 8.91 and a beta of 1.29.

Several hedge funds and other institutional investors have recently modified their holdings of MCC. Virtus ETF Advisers LLC acquired a new stake in shares of Medley Capital during the second quarter worth $1,640,000. BancorpSouth Bank acquired a new stake in shares of Medley Capital during the third quarter worth $800,000. Morgan Stanley lifted its holdings in shares of Medley Capital by 15.0% during the second quarter. Morgan Stanley now owns 753,626 shares of the investment management company’s stock worth $1,764,000 after purchasing an additional 98,032 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Medley Capital by 99.8% during the second quarter. Susquehanna International Group LLP now owns 139,530 shares of the investment management company’s stock worth $327,000 after purchasing an additional 69,694 shares during the period. Finally, Welch Group LLC acquired a new stake in shares of Medley Capital during the third quarter worth $177,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on MCC shares. ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Zacks Investment Research raised Medley Capital from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Wednesday, November 6th.

Medley Capital Company Profile

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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