Medley Capital Corporation (MCC) Stake Lessened by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Medley Capital Corporation (NYSE:MCC) by 27.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,950 shares of the investment management company’s stock after selling 9,370 shares during the quarter. Stifel Financial Corp’s holdings in Medley Capital were worth $149,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCC. Legal & General Group Plc lifted its holdings in shares of Medley Capital by 9.5% in the second quarter. Legal & General Group Plc now owns 140,038 shares of the investment management company’s stock worth $896,000 after buying an additional 12,162 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Medley Capital in the second quarter worth about $112,000. Airain ltd lifted its holdings in shares of Medley Capital by 2.7% in the second quarter. Airain ltd now owns 17,362 shares of the investment management company’s stock worth $111,000 after buying an additional 462 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Medley Capital by 68.3% in the second quarter. JPMorgan Chase & Co. now owns 168,705 shares of the investment management company’s stock worth $1,078,000 after purchasing an additional 68,463 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of Medley Capital by 114.9% in the second quarter. CIBC World Markets Inc. now owns 24,976 shares of the investment management company’s stock worth $160,000 after purchasing an additional 13,352 shares during the last quarter. 29.15% of the stock is currently owned by hedge funds and other institutional investors.

Medley Capital Corporation (NYSE MCC) opened at $5.24 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 11.02 and a quick ratio of 11.02. The firm has a market cap of $285.44, a P/E ratio of -18.71, a P/E/G ratio of 1.61 and a beta of 1.22. Medley Capital Corporation has a 52-week low of $5.09 and a 52-week high of $8.05.

Medley Capital (NYSE:MCC) last posted its quarterly earnings data on Thursday, December 7th. The investment management company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $23.51 million. Medley Capital had a negative net margin of 15.66% and a positive return on equity of 7.50%. Medley Capital’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. analysts anticipate that Medley Capital Corporation will post 0.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Wednesday, November 22nd were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 12.21%. The ex-dividend date was Tuesday, November 21st. Medley Capital’s dividend payout ratio (DPR) is -228.57%.

Several research firms recently weighed in on MCC. Zacks Investment Research upgraded shares of Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Medley Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. National Securities restated a “neutral” rating and issued a $6.00 price objective on shares of Medley Capital in a research report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on shares of Medley Capital and gave the stock a “hold” rating in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.17.

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Medley Capital 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.

Institutional Ownership by Quarter for Medley Capital (NYSE:MCC)

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