Wall Street brokerages expect Medley Capital Corp (NYSE:MCC) to report $0.05 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Medley Capital’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.04. Medley Capital posted earnings per share of $0.16 in the same quarter last year, which suggests a negative year-over-year growth rate of 68.8%. The firm is expected to report its next earnings results on Thursday, December 6th.
According to Zacks, analysts expect that Medley Capital will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.27. For the next year, analysts expect that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.21 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Medley Capital.
Medley Capital (NYSE:MCC) last released its quarterly earnings data on Thursday, August 9th. The investment management company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%. The company had revenue of $13.95 million during the quarter, compared to the consensus estimate of $18.23 million.
Several research firms have recently weighed in on MCC. Zacks Investment Research upgraded Medley Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. National Securities reiterated a “neutral” rating and issued a $3.00 price objective on shares of Medley Capital in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $4.67.
A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its holdings in Medley Capital by 47.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 52,227 shares of the investment management company’s stock worth $208,000 after buying an additional 16,925 shares in the last quarter. LPL Financial LLC lifted its holdings in Medley Capital by 31.7% during the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock worth $319,000 after buying an additional 19,304 shares in the last quarter. BlackRock Inc. lifted its holdings in Medley Capital by 9.4% during the 3rd quarter. BlackRock Inc. now owns 264,349 shares of the investment management company’s stock worth $1,010,000 after buying an additional 22,621 shares in the last quarter. Legal & General Group Plc lifted its holdings in Medley Capital by 18.1% during the 1st quarter. Legal & General Group Plc now owns 198,160 shares of the investment management company’s stock worth $790,000 after buying an additional 30,414 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Medley Capital by 118.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,902 shares of the investment management company’s stock worth $229,000 after buying an additional 32,539 shares in the last quarter. 25.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MCC stock traded down $0.04 during trading hours on Monday, hitting $3.60. The company had a trading volume of 64,279 shares, compared to its average volume of 173,965. Medley Capital has a 12 month low of $3.35 and a 12 month high of $5.88. The firm has a market cap of $196.65 million, a P/E ratio of 5.37 and a beta of 1.06. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 1.21.
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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