Medley Capital Corp (MCC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Medley Capital Corp (MCC) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.28. Analysts expectations of $33.59 million. During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Medley Capital Corp. Shares were Downgraded by FBR Capital on Feb 10, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 8.50 from a previous price target of $11 .Medley Capital Corp was Downgraded by Jefferies to ” Hold” on Feb 10, 2016. Medley Capital Corp was Downgraded by Citigroup to ” Neutral” on Feb 10, 2016.

Medley Capital Corp closed down -0.05 points or -0.75% at $6.61 with 1,38,249 shares getting traded on Friday. Post opening the session at $6.67, the shares hit an intraday low of $6.58 and an intraday high of $6.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 15, 2015, Robert K Lyons (director) purchased 2,000 shares at $7.24 per share price. According to the SEC, on Jun 1, 2015, Brook Taube (CEO) purchased 25,000 shares at $9.39 per share price. On Jun 1, 2015, Seth Taube (director) purchased 25,000 shares at $9.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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 through directly originated transactions to help these companies expand their business refinance and make acquisitions. The Company’s investment portfolio consists of senior secured first lien loans and senior secured second lien loans. The Company invests in portfolio companies principally located in North America. The Company’s investment activities are managed by the investment adviser MCC Advisors LLC.

Medley Capital Corp

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