Medley Capital Corporation (NYSE:MCC) CEO Brook Taube Acquires 105,932 Shares of Stock

Medley Capital Corporation (NYSE:MCC) CEO Brook Taube acquired 105,932 shares of Medley Capital Corporation stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average price of $6.38 per share, for a total transaction of $675,846.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, July 7th, Brook Taube bought 92,116 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.35 per share, with a total value of $584,936.60.
  • On Wednesday, July 5th, Brook Taube bought 50,049 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.40 per share, with a total value of $320,313.60.
  • On Tuesday, June 27th, Brook Taube bought 136,154 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.35 per share, with a total value of $864,577.90.
  • On Monday, June 26th, Brook Taube bought 38,287 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.39 per share, with a total value of $244,653.93.
  • On Wednesday, June 28th, Brook Taube bought 276,593 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.36 per share, with a total value of $1,759,131.48.
  • On Monday, June 12th, Brook Taube bought 552,146 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.15 per share, with a total value of $3,395,697.90.
  • On Wednesday, June 7th, Brook Taube bought 584,901 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.08 per share, with a total value of $3,556,198.08.
  • On Tuesday, May 30th, Brook Taube bought 436,127 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.08 per share, with a total value of $2,651,652.16.
  • On Wednesday, May 24th, Brook Taube bought 133,549 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.11 per share, with a total value of $815,984.39.
  • On Tuesday, May 23rd, Brook Taube bought 124,927 shares of Medley Capital Corporation stock. The stock was purchased at an average cost of $6.13 per share, with a total value of $765,802.51.

Shares of Medley Capital Corporation (NYSE MCC) traded down 0.63% during trading on Monday, hitting $6.35. The stock had a trading volume of 308,297 shares. Medley Capital Corporation has a one year low of $5.95 and a one year high of $8.06. The stock’s 50-day moving average price is $6.19 and its 200-day moving average price is $7.24.

Medley Capital Corporation (NYSE:MCC) last issued its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. Medley Capital Corporation had a net margin of 4.60% and a return on equity of 8.10%. The business had revenue of $24.36 million for the quarter, compared to analyst estimates of $26.46 million. During the same quarter last year, the business earned $0.26 EPS. Medley Capital Corporation’s revenue for the quarter was down 20.7% compared to the same quarter last year. Analysts forecast that Medley Capital Corporation will post $0.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Wednesday, May 24th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, May 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 10.08%. Medley Capital Corporation’s dividend payout ratio (DPR) is presently 640.06%.

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A number of large investors have recently modified their holdings of MCC. Muzinich & Co. Inc. raised its stake in shares of Medley Capital Corporation by 135.1% in the first quarter. Muzinich & Co. Inc. now owns 1,919,003 shares of the investment management company’s stock worth $14,757,000 after buying an additional 1,102,871 shares during the period. Ares Management LLC raised its stake in shares of Medley Capital Corporation by 15.2% in the first quarter. Ares Management LLC now owns 961,710 shares of the investment management company’s stock worth $7,396,000 after buying an additional 126,600 shares during the period. UBS Group AG raised its stake in shares of Medley Capital Corporation by 28.1% in the first quarter. UBS Group AG now owns 940,840 shares of the investment management company’s stock worth $7,236,000 after buying an additional 206,314 shares during the period. Wells Fargo & Company MN raised its stake in shares of Medley Capital Corporation by 15.3% in the first quarter. Wells Fargo & Company MN now owns 769,123 shares of the investment management company’s stock worth $5,914,000 after buying an additional 101,906 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Medley Capital Corporation by 2.8% in the first quarter. Bank of Montreal Can now owns 555,000 shares of the investment management company’s stock worth $4,268,000 after buying an additional 15,000 shares during the period. Hedge funds and other institutional investors own 36.23% of the company’s stock.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods set a $9.00 target price on Medley Capital Corporation and gave the company a “buy” rating in a research report on Monday, April 17th. National Securities dropped their target price on Medley Capital Corporation from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research downgraded Medley Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Medley Capital Corporation presently has an average rating of “Hold” and an average price target of $7.38.

About Medley Capital Corporation

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.

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

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